Announcements

  • Announcements

FALCOM Financial Services announces a change in board of directors FALCOM Saudi Equity Fund

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM Saudi Equity Fund) due to the designation of the Board Member (Mohammed Al-Alwan) to the Board of Directors (independent) as of 04/03/1440 H corresponding to 12 / 11/2018G and the designation of the Board Member (Sohail Hayyan) to the Board of Directors (non-independent member) as of 04/03 / 1440H corresponding to 12/11/2018G to become the Board of Directors of the Fund after the change:

1. Moath Al-Khasawneh (non-independent member).

2. Sohail Hayyan (non-independent member).

3. Suleiman Abu Tayeh (Independent Member).

4. Mohammed Al-Alwan (Independent Member).

FALCOM Financial Services announces a change in board of directors FALCOM IPO Fund

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM IPO Fund) due to the designation of the Board Member (Mohammed Al-Alwan) to the Board of Directors (independent) as of 04/03/1440 H corresponding to 12 / 11/2018G and the designation of the Board Member (Sohail Hayyan) to the Board of Directors (non-independent member) as of 04/03 / 1440H corresponding to 12/11/2018G to become the Board of Directors of the Fund after the change:

  1.  Moath Al-Khasawneh (non-independent member).
  2.  Sohail Hayyan (non-independent member).
  3.  Suleiman Abu Tayeh (Independent Member).
  4. Mohammed Al-Alwan (Independent Member).

 

FALCOM Financial Services announces a change in board of directors FALCOM SAR Murabaha Fund

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM SAR Murabaha Fund) due to the designation of the Board Member (Mohammed Al-Alwan) to the Board of Directors (independent) as of 04/03/1440 H corresponding to 12 / 11/2018G and the designation of the Board Member (Sohail Hayyan) to the Board of Directors (non-independent member) as of 04/03 / 1440H corresponding to 12/11/2018G to become the Board of Directors of the Fund after the change:

1. Moath Al-Khasawneh (non-independent member).

2. Sohail Hayyan (non-independent member).

3. Suleiman Abu Tayeh (Independent Member).

4. Mohammed Al-Alwan (Independent Member).

FALCOM Financial Services announces a change in board of directors FALCOM Petrochemical Exchange Traded Fund

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM Petrochemical Exchange Traded Fund) due to the designation of the Board Member (Mohammed Al-Alwan) to the Board of Directors (independent) as of 04/03/1440 H corresponding to 12 / 11/2018G and the designation of the Board Member (Sohail Hayyan) to the Board of Directors (non-independent member) as of 04/03 / 1440H corresponding to 12/11/2018G to become the Board of Directors of the Fund after the change:

  1. Moath Al-Khasawneh (non-independent member).
  2. Sohail Hayyan (non-independent member).
  3. Suleiman Abu Tayeh (Independent Member).
  4. Mohammed Al-Alwan (Independent Member).

 

FALCOM Financial Services announces a change in board of directors FALCOM Saudi Exchange Traded Fund (ETF30).

FALCOM Financial Services Company announces the change of the Board of Directors (FALCOM Saudi Exchange Traded Fund (ETF30)) due to the designation of the Board Member (Mohammed Al-Alwan) to the Board of Directors (independent) as of 04/03/1440 H corresponding to 12 / 11/2018G and the designation of the Board Member (Sohail Hayyan) to the Board of Directors (non-independent member) as of 04/03 / 1440H corresponding to 12/11/2018G to become the Board of Directors of the Fund after the change:

 

  1. Moath Al-Khasawneh (non-independent member).
  2. Sohail Hayyan (non-independent member).
  3. Suleiman Abu Tayeh (Independent Member).
  4. Mohammed Al-Alwan (Independent Member).

 

Announcement (FALCOM Financial Services Company) of a fundemental change in (FALCOM Saudi Riyal Murabaha Fund)

FALCOM Financial Services (Fund Manager) announces the approval of the unit holders as well as the Capital Market Authority (CMA) for a fundamental change in (FALCOM SAR Murabaha Fund). The change will take effect on 08/02/1440 H corresponding to 17/10/2018G.

The fundamental change details are: (The Fund Manager may invest up to 30% of the net asset value of the Fund in money market instruments such as Murabaha and Ijara contracts in the GCC except Qatar), and the unit holders are entitled to redeem their units before The validity of any fundamental change without imposing any redemption fees (if any).

Termination of FALCOM GCC Income Fund

FALCOM Financial Services announces the termination of FALCOM GCC Income Fund as of 30/07/2017. The fund will be terminated after 21 working days from its announced date.

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