AL Mal UAE Equity Fund — Fund Information / Factsheet 2016

Mar 14, 2016

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MONTHLY FACT SHEETS February 2016

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AL MAL UAE EQUITY FUND AL MAL MENA EQUITY FUND AL MAL SAUDI SHARIAH EQUITY FUND AL MAL MENA INCOME FUND AL MAL LIQUIDITY FUND

Office 801, Cayan Business Centre, Tecom, Al Safouh Third, P.O.Box 119930, Dubai, UAE Tel: +971 4 360 1111, Fax: +971 4 360 1122, www.almalcapital.com

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Monthly Factsheet
Al Mal Investment Funds Summary Page
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Al Mal Investment Funds - Performance Review

Equity Funds

As of 24 February	Launch Date	NAV Per Unit	Week To Date	Month To Date	YTD 2015	Since Inception
Al Mal UAE Equity Fund	April 2006	AED 1.16*	2.95%	12.88%	-2.28%	16.16%
S&P UAE Composite Index			3.21%	13.03%	-0.67%	-43.15%
As of 24 February
Al Mal MENA Equity Fund	June 2008	USD 7.50	2.32%	8.70%	-4.58%	-25.00%
S&P Pan Arab LargeCap Index			1.44%	6.87%	-7.46%	-50.10%
As of 24 February
Al Mal Saudi Shariah Equity Fund	March 2011	USD 0.99**	1.96%	4.65%	-5.53%	0.00%
S&P Saudi LargeMidCap Shariah Index			1.99%	6.48%	-10.19%	-11.47%
Income Funds
As of 24 February	Launch Date	NAV Per Unit	Yield	Month To Date	YTD 2015	Since Inception
Al Mal MENA Income Fund	Feb 2009	USD 12.37	3.01%***	1.39%	-0.23%	32.92%
(Performance Inclusive of Dividends)
As of 24 February
Al Mal Liquidity Fund (AED)	April 2009	AED 1.18*	1.39%***	0.11%	0.22%	18.27%

• Please note that NAV Per Unit is rounded to two decimal places for reporting purposes only. The actual NAV Per Unit for trading purposes is calculated to six decimal places.

** The inception date of the Fund was March 23[rd] 2011. Please note that the NAV Per Unit is rounded to two decimal places for reporting purposes only. The actual NAV Per Unit for trading purposes is calculated to three decimal places. Please also note that the Fund’s performance figures are being calculated from the Fund’s launch date.

*** Average YTM for the invested portion (excl cash portion) of the Al Mal MENA Income Fund; 7-day annualized portfolio yield (net) for the Al Mal Liquidity Fund (AED).

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Monthly Factsheet
Al Mal UAE Equity Fund
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NAV Per Unit: AED 1.16

24 February 2016

Fund Manager Comment

Fund Key Information

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Al Mal UAE Equity Fund was up 12.9% in February v/s. 13.0% increase in S&P UAE Index. Since inception, The Al Mal UAE Equity Fund’s objective is to achieve
the Fund has outperformed the benchmark by 59.3%. medium to long-term capital growth by investing primarily
February came in as a revival month for UAE markets with DFM Index soaring 8.1% and ADX Index up in equities listed on the Abu Dhabi Stock Exchange (ADX)
and Dubai Financial Market (DFM).
7.3%, more than recovering all the losses posted in January. The recovery in market can mainly be attributed to
positive trend in oil prices with Brent gaining 8.7%, mainly due to talks between various OPEC and non-
OPEC members regarding supply cut/freeze, and some of the shale oil producers cutting production to curtail Fund Manager Tariq Qaqish
losses. Inception Date 5 [th] April 2006
Fund Registration UAE
The Q4 earnings season came to an end with some blue chip names coming up with positive surprises. Emaar Currency AED
earnings increased 20% y-o-y driven by increase in local property sales while the hospitality figures were Subscription Weekly
unchanged with occupancy rates averaging at 86% in 2015 vs 85% in 2014. Du showed slump in profits by
Min Subscription AED 100,000
10% due to increase in royalty and reduction in subscriber base. Arabtec and DSI reduced losses with Arabtec
Management Fee 1.50%
reporting AED 404 mn loss vs AED 945 mn loss in 3Q 2015 and DSI turning positive with net profit of AED
15 mn vs loss of AED 878 mn in Q3 2015. The biggest surprise came from Dana Gas which reported AED Performance Fee 20% over 10% hurdle
487 mn profit in Q4 2015 vs AED 11 mn loss in Q4 2014 and AED 28 mn loss in Q3 2015, majorly due to Subscription Fee Up to 2%
sale of 5% stake in its Iraqi subsidiary, which helped to improve its cash position to AED 1.7 bn, thus Redemption Weekly
explaining the surge in share price.
Benchmark S&P UAE Composite Index
The UAE PMI increased to 53.1 in February vs 52.7 in January, showing signs of improvement in the non-oil Fund Type Open-ended
sector. Administrator Standard Chartered
Geographic and Sector Allocation Custodian Standard Chartered
Financial Year End 31 [st] December
Auditors Deloitte
Investment Telecom
Dubai 47% Nasdaq 6% Diversified 8% 3%Others 5% ISIN AEA003630026
Fin 5%
Cash 10% Cash 10% Zawya Code MALEQTY.MF
Transport Bloomberg Code MALUAEQ UH
7% Reuters Code LP65038334
Services Morningstar SecID F00000JQIN
6%
Abu Dhabi Top Portfolio Holdings % of Fund
37%
Real Estate Emaar Properties 13.1
19% Banks 37%
First Gulf Bank 10.7
Fund Performance
Abu Dhabi Commercial Bank 8.6
Al Mal UAE Equity Fund S&P UAE Index (Rebased)
1.80
1.60 UAE Fund UAE Index
Fund Characteristics
1.40 (three year) (three year)
1.20
Standard Deviation
1.00 24.6% 27.1%
(Annualized)
0.80
0.60 Beta 0.89 -
0.40
0.20 Sharpe Ratio 0.42 0.32
0.00
YTD Since
Jan Feb Mar Apr May June July Aug Sept Oct Nov Dec 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 Inception
UAE Fund -13.4% 12.9% -2.3% -15.3% 11.2% 81.4% 28.7% -18.4% -1.0% 31.2% -56.9% 50.4% -19.1% 16.2%%
UAE Index -12.1% 13.0% -0.7% -17.6% 7.5% 88.0% 23.5% -17.7% -8.8% 24.6% -69.4% 54.8% -35.2% -43.2%%
Apr-06 Aug-06 Dec-06 Apr-07 Aug-07 Dec-07 Apr-08 Aug-08 Dec-08 Apr-09 Aug-09 Dec-09 Apr-10 Aug-10 Dec-10 Apr-11 Aug-11 Dec-11 Apr-12 Aug-12 Dec-12 Apr-13 Aug-13 Dec-13 Apr-14 Aug-14 Dec-14 Apr-15 Aug-15 Dec-15
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• Inception Date of the Fund is 5[th] April 2006

Al Mal Capital PSC, Office 801, Cayan Business Centre, Tecom, P.O.Box 119930, Dubai, UAE

Tel : +971-4-360-1111 Fax: +971-4-360-1122 www.almalcapital.com

This document is provided for informational and illustration purposes only. It does not constitute a solicitation, recommendation or offer to buy or sell any investment product or subscribe to any investment management or advisory service. Past performance of the Fund as illustrated herein is not a guarantee of future returns. Prospective investors in the Fund must obtain and carefully read the Fund’s most current Prospectus prior to making an investment in the Fund. The information contained herein, including any expression of opinion, has been obtained from or is based upon sources believed to be reliable, and is believed to be fair and not misleading, however, Al Mal Capital does not guarantee its accuracy or completeness. This document is not for distribution to the general public. It is directed at persons authorized to invest in the Fund and residing in jurisdictions where the Fund is authorized for distribution or where no such authorization is required. The information contained herein must not be reproduced in whole or in part without the prior written consent of Al Mal Capital.`

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Monthly Factsheet
Al Mal MENA Equity Fund
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24 February 2016

NAV Per Unit: USD 7.50

Fund Key Information

Fund Manager Comment

The objective of the Fund is to achieve significant capital appreciation, primarily through investment in equity and equity related securities in the Middle East and North African markets.

The Al Mal MENA Equity Fund was up 8.7% in February v/s. 6.9% increase in the S&P Pan Arab Index. The Fund has outperformed the benchmark by 25.1% since its launch in June 2008.

February was relatively a better month for regional markets compared to global markets, with DFM Index leading from the front. In the UAE, Q4 corporate earnings season ended on a mixed note with some of the major companies like Air Arabia and RAK Ceramics posting weakness in profits due to FX losses. Banking sector showed some signs of economic slowdown with RAK bank profit down 18% due to higher provisioning and increase in NPLs, and SHUAA capital posting loss of AED 162 mn due to higher provisioning in financing business.

Fund Manager Tariq Qaqish Inception Date 15[th] June 2008 Fund Registration Bahrain Currency USD Subscription Weekly Min Subscription USD 250,000 Management Fee 1.75% Subscription Fee Up to 3% Redemption Weekly Benchmark S&P Pan Arab Large Cap Index Fund Type Open-ended Administrator Apex Custodian Standard Chartered Financial Year End 31[st] December Auditors Deloitte Zawya Code MALMENA.MF Bloomberg Code MALMENE BI Reuters Code LP65123002 Morningstar SecID F00000JQIQ Top Portfolio Holdings % of Fund Amanat Holdings PJSC 12.6 Ooredoo QSC 5.4 RAK Ceramics 4.7

Qatari companies also showed some softening in their profits with Al Meera posting 61% drop in profits y-oy due to loss on their investment book and Industries Qatar Q4 profits were down 62% y-o-y due to lower petrochemical prices. While overall Q4 results of Saudi corporates were subdued, some of the companies in defensive sectors posted good set of numbers; Dallah Healthcare Q4 profits up 8% y-o-y and Saudi Arabian Catering posting 10% increase in profits y-o-y.

Despite Egypt lowering their economic growth forecast from 4.25% to 4%, we saw some revival in the capital market activity with Arabian food industries planning to raise USD 128 mn in first IPO of 2016 in the region.

The PMI numbers for the entire region showed some improvement in non-oil sector with the exception of Egypt PMI which came in at 48.1 in February vs 48.0 in January.

Geographic and Sector Allocation

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|||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Telecoms|Materials|
|Cash 10%|Abu Dhabi|Capital|10%|8%|Auditors|Deloitte|
|17%|Goods 5%|Real Estate|
|Saudi|16%|Zawya Code|MALMENA.MF|
|Arabia|Investment|Bloomberg Code|MALMENE BI|
|16%|12%|Reuters Code|LP65123002|
|Qatar|
|Kuwait|20%|Cash|Morningstar SecID|F00000JQIQ|
|3%|10%|
|Egypt|F&B|Top Portfolio Holdings|% of Fund|
|12%|2%|
|Amanat Holdings PJSC|12.6|
|Dubai|Others|
|Banks|
|22%|27%|10%|Ooredoo QSC|5.4|
|RAK Ceramics|4.7|
|Fund Performance|
|12|Al Mal MENA Equity Fund|S&P Pan Arab LargeCap Index (Rebased)|
|10|MENA Fund|MENA Index|
|Fund Characteristics|
|(three year)|(three year)|
|8|
|Standard Deviation|
|6|(Annualized)|17.1%|16.4%|
|4|Beta|1.0|-|
|2|Sharpe Ratio|0.01|-0.34|
|0|
|Jun-08|Mar-09|Dec-09|Sep-10|Jun-11|Mar-12|Dec-12|Sep-13|Jun-14|Mar-15|Dec-15|
|YTD|Since|
|Jan|Feb|Mar|Apr|May|June|July|Aug|Sept|Oct|Nov|Dec|2016|2015|2014|2013|2012|2011|2010|2009|2008|Inception|
|MENA|
|-12.2%|8.7%|-4.6%|-12.5%|-0.7%|31.1%|6.6%|-8.8%|15.7%|17.7%|-47.5%|-25.0%|
|Fund|
|MENA|
|-13.4%|6.9%|-7.5%|-17.6%|-1.5%|18.9%|2.6%|-15.1%|13.9%|12.7%|-49.9%|-50.1%|
|Index|
|* Inception Date of the Fund is 15|[th]|June 2008|
|Al Mal Capital PSC, Office 801, Cayan Business Centre, Tecom, P.O.Box 119930, Dubai, UAE|Tel : +971-4-360-1111 Fax: +971-4-360-1122 www.almalcapital.com|

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This document is provided for informational and illustration purposes only. It does not constitute a solicitation, recommendation or offer to buy or sell any investment product or subscribe to any investment management or advisory service. Past performance of the Fund as illustrated herein is not a guarantee of future returns. Prospective investors in the Fund must obtain and carefully read the Fund’s most current Prospectus prior to making an investment in the Fund. The information contained herein, including any expression of opinion, has been obtained from or is based upon sources believed to be reliable, and is believed to be fair and not misleading, however, Al Mal Capital does not guarantee its accuracy or completeness. This document is not for distribution to the general public. It is directed at persons authorized to invest in the Fund and residing in jurisdictions where the Fund is authorized for distribution or where no such authorization is required. The information contained herein must not be reproduced in whole or in part without the prior written consent of Al Mal Capital.

24 February 2016

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Monthly Factsheet
Al Mal Saudi Shariah Equity Fund
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NAV Per Unit: USD 0.99

Fund Manager Comment

Fund Key Information

The Al Mal Saudi Shariah Equity Fund was up 4.7% in February as compared to increase of 6.5% in the S&P Saudi Shariah Index. The Fund has outperformed the benchmark by 11.5% since its launch in march 2011.

To achieve significant capital appreciation primarily through Shariah-compliant investments in equity and equity-related securities issued by companies based in, or with a significant proportion of their business activities in, the Kingdom of Saudi Arabia.

Tadawul Index was up 1.6% in February, lagging behind its regional peers, mainly due to subdued Q4 earnings season. The meeting between Russia and Saudi Arabia to address supply side glut was successful and both the countries agreed to freeze the output at January 2016 level. However, this may not be sufficient to reduce the excess supply in the market, in our view.

Fund Manager Vijay Harpalani Inception Date 23[rd] March 2011 Fund Registration UAE Currency USD Subscription Weekly Min Subscription USD 50,000 Management Fee 1.75% Subscription Fee Up to 3% Redemption Weekly Benchmark S&P Saudi Large MidCap Shariah Index Fund Type Open-ended Administrator Standard Chartered Custodian Standard Chartered Financial Year End 31[st] December Auditors Deloitte ISIN AEA003630018 Zawya Code MALSSEF.MF Bloomberg Code MALSSEQ UH Reuters Code LP68128853 Morningstar SecID F00000N74I Shariah Supervisory Dr. Mohamed Ali Elgari KSA Board Dr. Osama Al Dereai Qatar Dr. Mohd Daud Bakar Malaysia Dr. Muhammad Amin Ali Qattan Kuwait Top Portfolio Holdings % of Fund Al Rajhi Bank 17.1 Saudi Telecom Co. 13.0 Saudi basic Industries Corp (SABIC) 10.1

In order to boost bank lending in general and to real estate sector in particular, the Saudi Monetary Authority increased upper limit for Loans-to-deposit ratio from 85% to 90%, and also increased the LTV in mortgages from 70% to 85%. While these initiatives are likely to facilitate growth in lending, the willingness of borrowers is constrained by challenging macro-economic outlook and geopolitical risks. The Q4 earning season came to an end with some negative surprises; Maaden posted losses due to weakness across all product segments and Dar al Arkan posted profit of SAR 49 mn - lowest on record due to lower land sales owing to weakness in overall economy.

The Brent was up 8.7% in February due to production cut and reduced capex by shale producers to curtail losses. We expect this trend to continue if high-cost shale producers are forced to cut production in coming months.

Sector Allocation

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Healthcare, Transportation
9% , 1%
Materials,
Commercial
12%
Services, 3%
Com & Prof
Supplies, 3% Banks, 23%
Cash, 18%
Others, 1%
F&B staples, Telecom, 17%
13%
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Fund .60 .80 .00 .20 .40 .60 .80 Mar-11 Jun-11	Fund .60 .80 .00 .20 .40 .60 .80 Mar-11 Jun-11	Performance Al Mal Saudi Shariah Equity Fund F&B staples, 13%	Mar-14 Jun-14 Sep-14 Dec-14 Mar-15 Jun-15 Sep-15 Dec-15 S&P Saudi Shariah Index Telecom, 17%	Top Portfolio Holdings	Top Portfolio Holdings	Top Portfolio Holdings	Top Portfolio Holdings	Top Portfolio Holdings	Top Portfolio Holdings	Top Portfolio Holdings	% of Fund	% of Fund
				Al Rajhi Bank							17.1
				Saudi Telecom Co.							13.0
				Saudi basic Industries Corp (SABIC)							10.1
				Fund Characteristics				Saudi Fund (since inception) Saudi Index
				Standard Deviation (Annualized)				18.1% 21.2%
				Beta				0.83 -
		Sep-11 Dec-11 Mar-12 Jun-12 Sep-12 Dec-12 Mar-13 Jun-13 Sep-13 Dec-13
				Sharpe Ratio				-0.20 -0.37
		Jan Feb Mar Apr May J	une July Aug Sept Oct Nov	Dec	YTD 2016	2015	2014		2013	2012	2011*	Since Inception*
Saudi Fund Saudi Inde		-9.7% 4.7% x -15.7% 6.5%			-5.5% -10.2%	-15.6% -17.9%	-3.5% -9.1%		22.9% 23.1%	6.5% 8.6%	0.10% -0.54%	0.0% -11.5%

• Inception Date of the Fund is 23[rd] March 2011

Al Mal Capital PSC, Office 801, Cayan Business Centre, Tecom, P.O.Box 119930, Dubai, UAE

Tel : +971-4-360-1111 Fax: +971-4-360-1122 www.almalcapital.com

This document is provided for informational and illustration purposes only. It does not constitute a solicitation, recommendation or offer to buy or sell any investment product or subscribe to any investment management or advisory service. Past performance of the Fund as illustrated herein is not a guarantee of future returns. Prospective investors in the Fund must obtain and carefully read the Fund’s most current Prospectus prior to making an investment in the Fund. The information contained herein, including any expression of opinion, has been obtained from or is based upon sources believed to be reliable, and is believed to be fair and not misleading, however, Al Mal Capital does not guarantee its accuracy or completeness. This document is not for distribution to the general public. It is directed at persons authorized to invest in the Fund and residing in jurisdictions where the Fund is authorized for distribution or where no such authorization is required. The information contained herein must not be reproduced in whole or in part without the prior written consent of Al Mal Capital.

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Monthly Factsheet
Al Mal MENA Income Fund
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NAV Per Unit: USD 12.37

Fund Manager Comment

The Al Mal MENA Income Fund was up 1.39% in February. The Fund has delivered returns of 32.9% since its launch in February 2009.

The 10-year US treasury yield ranged between 1.95% to 1.66%. The expectations of another Fed rate hike in its March meeting increased after strong employment data had calmed concerns related to health of the U.S. economy. As a result, the yield increased by 25 bps between end of Feb and 11 Mar, almost pricing-in the Fed rate hike expectations.

In the first week of March, Moody’s reviewed sovereign ratings of Bahrain, Kuwait, Qatar, Saudi Arabia and UAE for potential downgrade and took rating actions on 26 GCC-based banks. Bahrain’s rating was downgraded to junk, first time a GCC state has been rated below investment grade since 1999. In February, Bahrain had terminated USD 750 mn, 5 and 10-year bonds following S&P’s decision to downgrade its rating to junk. No other primary market activity was witnessed in February aside from the Bahraini issue which was revived after the cancellation.

Sector & Geographical Allocation

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Cash
Energy
Governement Bonds
Sharjah Retail
Saudi Arabia Telecom
Transportation
Abu Dhabi
Investment Holdings
Qatar Real Estate
Industrial
Fixed Deposits - UAE
Fixed Deposit
Dubai Banks
0% 10% 20% 30% 40% 50% 0% 5% 10% 15% 20% 25% 30%
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24 February 2016

Fund Key Information

The Al Mal MENA Income Fund’s objective is to pursue an income-oriented investment strategy which permits distribution of periodic and consistent payment of dividends to unit holders, whilst seeking to preserve and grow the capital of the Fund.

Fund Manager Tariq Qaqish & Vijay Harpalani Inception Date 1[st] February 2009 Fund Registration Cayman Islands Currency USD Subscription Weekly Min Subscription USD 100,000 Management Fee 1.00% Subscription Fee Up to 2% Redemption Weekly Benchmark S&P MENA Bond Index Fund Type Open Ended Administrator & Al Mal Capital Custodian Financial Year End 31[st] December Auditors Deloitte ZAWYA Code MALMNIF.MF Bloomberg Code ALMENAI KY Reuters Code LP65154947 Morningstar SecID F00000JQIR

Fund Performance

13.3 13.8				Al Mal MENA Income	Al Mal MENA Income	Al Mal MENA Income	Al Mal MENA Income	Al Mal MENA Income	Fund													Top Portfolio Holdings				Credit Rating: S&P/Moody’s	Credit Rating: S&P/Moody’s	Credit Rating: S&P/Moody’s	Credit Rating: S&P/Moody’s		% of Fund
12.8				HSBC / S&P MENA USD Bond Index**																		DP World 7/2/2017 6.25%				NR	/ Baa3				12.2
12.3																						CBQ 11/18/2019 7.5%				BBB+/		Baa1			8.8
11.3 11.8																						5.50 IPIC GMTN LTD 03/01/22				AA/Aa2					4.4
10.8
																						Portfolio Analysis
10.3
																						Portfolio Maturity							2.5		years
9.8
Dec-10 May-11 Oct-11 Mar-12 Aug-12							Jan-13 Jun-13 Nov-13 Apr-14								Sep-14		Feb-15 Jul-15					Avg. YTM (Gross) of Investments							3.01%
																						Weighted avg. Rating of Portfolio (S&P)							BBB+
	* Since HSBC discontinued the Index					from Dec			2013, we have		used S&P MENA				Bond Index as the benchmark
				Jan Feb			Mar		Apr	May	June		July		Aug		Sept Oct		Nov	Dec		YTD 2016 2015 2014	2013	2012		2011	2010		2009		Since Inception *
Al Mal MENA Income Fund -1.6% 1.4%																						-0.2% 0.89% 5.5%	1.8%	12.6%		7.6%	3.8%		-2.0%		32.9%

(Perf. Inclusive of Dividends.)[-1.6%][1.4%]

• Inception Date of the Fund is 1[st] February 2009

Al Mal Capital PSC, Office 801, Cayan Business Centre, Tecom, P.O.Box 119930, Dubai, UAE

Tel : +971-4-360-1111 Fax: +971-4-360-1122 www.almalcapital.com

This document is provided for informational and illustration purposes only. It does not constitute a solicitation, recommendation or offer to buy or sell any investment product or subscribe to any investment management or advisory service. Past performance of the Fund as illustrated herein is not a guarantee of future returns. Prospective investors in the Fund must obtain and carefully read the Fund’s most current Prospectus prior to making an investment in the Fund. The information contained herein, including any expression of opinion, has been obtained from or is based upon sources believed to be reliable, and is believed to be fair and not misleading, however, Al Mal Capital does not guarantee its accuracy or completeness. This document is not for distribution to the general public. It is directed at persons authorized to invest in the Fund and residing in jurisdictions where the Fund is authorized for distribution or where no such authorization is required. The information contained herein must not be reproduced in whole or in part without the prior written consent of Al Mal Capital.

24 February 2016

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Monthly Factsheet
Al Mal Liquidity Fund
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NAV Per Unit: AED 1.18

Fund Manager Comment

The Al Mal Liquidity Fund was up 0.11% in February, and has delivered returns of ~ 18.27% since its launch in April 2009.

The liquidity conditions further deteriorated in February. The one-week EIBOR increased from 35 bps at start of February to 40 bps as of February end.

The Fund’s net yield is around 1.4% level, well above the benchmark.

Fund Performance

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1.18
1.16
1.14 Fund NAV
1.12 1 Week EIBOR (Benchmark)
1.10
1.08
1.06
1.04
1.02
1.00
Apr-09 Dec-09 Aug-10 Apr-11 Dec-11 Aug-12 Apr-13 Dec-13 Aug-14 Apr-15 Dec-15
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Months to Maturity

Fund Key Information

The Fund’s investment objective is to provide investors with capital preservation and above average money market returns. The assets will be invested primarily in UAE and GCC short term paper and deposit instruments.

Fund Manager Tariq Qaqish & Vijay Harpalani Inception Date 15[th] April 2009 Fund Registration UAE Currency AED Subscription Weekly Min Subscription AED 100,000 Management Fee 0.75% Redemption Weekly Notice Period 3 Business Days

Fund Type Open Ended Administrator & Al Mal Capital Custodian Financial Year End 31[st] December Auditors Deloitte

ZAWYA Code MALAEDF.MF Bloomberg Code AMALLIQ UH Reuters Code LP65135775 Morningstar SecID F00000JQIP

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6-12 13%
2-3 49%
0-1 38%
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Monthly Performance

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Month 2010 2011 2012 2013 2014 2015 2016
Jan 0.33% 0.25% 0.15% 0.09% 0.18% 0.16% 0.12%
Feb 0.33% 0.23% 0.17% 0.15% 0.14% 0.12% 0.11%
Mar 0.40% 0.28% 0.15% 0.15% 0.14% 0.12%
Apr 0.32% 0.22% 0.16% 0.15% 0.18% 0.14%
May 0.31% 0.20% 0.20% 0.19% 0.14% 0.11%
June 0.34% 0.41% 0.14% 0.15% 0.13% 0.11%
July 0.27% 0.20% 0.15% 0.18% 0.14% 0.14%
Aug 0.25% 0.22% 0.21% 0.15% 0.14% 0.11%
Sept 0.35% 0.16% 0.17% 0.15% 0.14% 0.14%
Oct 0.27% 0.14% 0.21% 0.19% 0.17% 0.09%
Nov 0.27% 0.18% 0.15% 0.15% 0.12% 0.12%
Dec 0.32% 0.11% 0.19% 0.18% 0.10% 0.12%
Annual 3.82% 2.63% 2.05% 1.89% 1.73% 1.50% 0.22%
Since Inception 18.27%
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Al Mal Liquidity Fund offers you:

• Weekly liquidity

• Higher interest income than deposit rates

• Access to cash in case of emergency

• Diversify your portfolio (core asset class)

• Suitable for risk-averse allocation

• Park your liquidity during uncertain and volatile markets

Al Mal Capital PSC, Office 801, Cayan Business Centre, Tecom, P.O.Box 119930, Dubai, UAE

Tel : +971-4-360-1111 Fax: +971-4-360-1122 www.almalcapital.com

This document is provided for informational and illustration purposes only. It does not constitute a solicitation, recommendation or offer to buy or sell any investment product or subscribe to any investment management or advisory service. Past performance of the Fund as illustrated herein is not a guarantee of future returns. Prospective investors in the Fund must obtain and carefully read the Fund’s most current Prospectus prior to making an investment in the Fund. The information contained herein, including any expression of opinion, has been obtained from or is based upon sources believed to be reliable, and is believed to be fair and not misleading, however, Al Mal Capital does not guarantee its accuracy or completeness. This document is not for distribution to the general public. It is directed at persons authorized to invest in the Fund and residing in jurisdictions where the Fund is authorized for distribution or where no such authorization is required. The information contained herein must not be reproduced in whole or in part without the prior written consent of Al Mal Capital.