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Who manages the fund’s capital? Can it be changed?
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The Fund operates in accordance with the legislation regulating the capital market, which is supervised and adhered to by the Financial Regulatory Authority, including that the management of the Fund’s investment portfolio must be entrusted to a management company, which is a company licensed to practice fund management activity from the Authority. This is under a contract between the Fund’s Board of Directors and the management company. The management company works to make investment decisions, follow up and diversify investments in order to achieve appropriate returns under acceptable risks, with care and care at work. All this is done by adhering to the investment policy prescribed for the Fund in terms of investment instruments, concentration ratios, liquidity required to be maintained, etc. The Board of Directors of the Fund shall have the right, in the event that it deems that it has acted outside the specified rules, to terminate the contract with the investment manager and contract with another company to manage investment funds.