A Mutual Fund is a pool of funds collected from many investors for the purpose of investing in securities such as stocks, bonds, money market instruments and similar assets. Sanabel Financial Securities promotes, and professionally manages Mutual Funds to produce capital gains and income for its fund investors.
– Al Forat Investment Fund – March 2010 :
Contractor:
Kenana Engineering and Technical Services
Investment Fund Management:
Bank of Khartoum
Size of the Fund & Maturity:
The Funds’ Capital: 29,000,000 SDG.
Amount of Shares/Sukuk: 116,000 Suk
Value of the Suk: 200sdg/Suk
Maturity Date: 120 months after receiving the minimum amount on the Capital.
Al Forat Investment Fund – is a closed, medium-term investment fund, based on a fixed term and fixed capital.
It was established to mobilize resources from investors to finance the construction and extension of two water treatment units to provide high quality safe drinking water for the people in the cities of North Khartoum – Alalafoun and
Omdurman – Al Salha.
The purpose of this Fund:
• Contribution to establishing a service that transforms and enhances the building of a healthier community.
• Creates new securities in the market and helps in increasing and diversifying the options of trading in the Khartoum Stock Exchange market.
• By investing in the Fund the shareholders will maximize their money profits in the specified fixed term (maturity) of the fund.