Makaseb Arab Tigers Fund
This Fund has ceased operations as of 15th September 2021.
Fund Details
| Investment Objective | Aims to achieve long-term capital appreciation by investing in the securities of blue chip companies listed on
the stock exchanges of the Middle East and North Africa (MENA) region. The primary equity markets targeted by MATF include Saudi Arabia, UAE, Kuwait, Qatar, Egypt, Jordan, Morocco, Oman, Bahrain, Lebanon & Tunisia. |
| Fund and Investment Manager | Mashreq Capital (DIFC) Limited |
| Fund Type | Open ended fund |
| Domicile | Bahrain |
| Currency | USD |
| Minimum Subscription | USD 1,000 |
| Regulator of Fund Manager | Central Bank of Bahrain |
| Administrator and Registrar | Karvy Computershare W.L.L |
| Custodian | Citibank N.A., Bahrain |
| Auditor | Deloitte & Touche, Bahrain |
| International Legal Counsel | DLA Piper Middle East LLP |
| Valuation | Each Business Day |
| Subscription and Redemption | Each Business Day |
| Notice Periods | 2 business days |
| Subscription Fee | Up to 5% |
| Redemption Fee | 3% for redemption within first 3 months; 2% for redemption within 3-6 months; 1% for redemption between 6-12 months |
| Management Fee | 2% p.a. of Net Asset Value |
| Performance Fee | 10% of growth above a 10% “hurdle rate” per annum based on a “high-water mark.” |
| Bloomberg Ticker | MAKATFD BI |
| ISIN | BH000A0J3RQ8 |
| Zawya Code | MAKARBT.MF |
| Lipper ID | 65038280 |
| Reuters ID | LP65038280 |