KEY OFFER DETAILS. ISSUE MANAGER Horizons Capital Markets (S.A.O.C) P.O. Box 685, Muscat, Postal Code 115, Sultanate of Oman

Transcription

1

2 KEY OFFER DETAILS ISSUE OPENING DATE ISSUE CLOSING DATE ISSUE MANAGER Horizons Capital Markets (S.A.O.C) P.O. Box 685, Muscat, Postal Code 115, Sultanate of Oman AUDITOR LEGAL ADVISOR INVESTMENT FUND ADMINISTRATOR COLLECTING BANK PricewaterhouseCoopers LLC, Dentons & Co, Gulf Custody Company SAOC Bank Dhofar SAOG Sultanate of Oman Sultanate of Oman Sultanate of Oman Bank Sohar SAOG Ahli Bank SAOG Sultanate of Oman

3 Summary of Fund Name of the Fund Type Focus Area Fund Currency Investment Goal Fund Capital Maximum Horizons Premier Fund Open-Ended GCC Stock Markets Omani Rial To invest in real economy and achieve above average return through price appreciation and dividend income. Minimum: RO 2 million Open Nominal Value RO Issue Price RO per Unit Minimum Subscription 100 Units and in multiples of 100 thereafter Pricing Daily Subscription/ Redemption Daily Investment Manager Horizons Capital Markets SAOC Management Fees 1% p.a. of the total Net Asset Value of the Fund Subscription fees & Redemption Fees Up to 2% Performance Fees 10% on any annual return exceeding 10% The fund shall bear other running expenses like fees of the Other Expense investors Committee, Custodian, Auditor, and other expenses

4 Highlights of the Fund Excellent opportunity to achieve good and consistent returns from a portfolio of stocks and bonds from GCC region Attractive investment opening within the real economy space that offer the best potential returns on a risk adjusted basis Provides you the advantage of diversifying your investments in lucrative and growing stocks and bonds Issued and managed by Horizons Capital Markets having strong presence in Oman in the financial services business Experienced and qualified Fund Managers to make your investment decisions Backed by professional research team specialized in investment analysis

5 INVESTMENT OBJECTIVE To generate capital gains and dividend income, in the long term, by investing is a portfolio of stocks from the GCC region INVESTMENT POLICY INVESTMENT STRATEGY Invest in companies substantially involved in the real economy Follow a dynamic asset allocation methodology To reduce the risk of concentration by diversifying the investments and rebalancing from time to time; except in gainful situations To provide an investment vehicle to investors in the real economy space in the GCC region Pursue a dynamic investment strategy based on its own research and projections Indentify attractive opportunities with best potential return on risk adjusted basis

6 Steady growth in population Expected rise in GDP Stable political environment Focus on diversification to Non-Oil Sectors Sustainable demand for goods and services Consistent government push on infrastructure development Visible turnaround in Oil price Attractive market valuation Investment Opportunity

7 Investment Opportunity Cont d Real economy s prospects in the GCC are promising since consumption is expected to grow especially due to the high purchasing power of its residents and their propensity to spend. The disposition of the population towards consumption makes the real economy investments more attractive than investments in purely financial stocks. Government expenditure is another major driver which is expected to continue due to the infrastructure developments planned by various GCC Governments. The past oil price volatility has left the financial markets depressed which makes the current valuations very attractive with plenty of potential for future returns. The turnaround in oil prices should further increase GDP growth rates of the region in the medium to long term. The currency pegs to the dollar of most GCC nations makes it easier to shift investments throughout the region without facing material foreign exchange risks.

8 Investment Approach

9 Asset Allocation The fund will have following broad Asset Allocation: Investment Allocations (% of Total Assets) Minimum Maximum Country Exposure 0% 50% Sector Exposure 0% 60% Cash & Equivalent Exposure 0% 25% Single Stock Exposure 0% 10%

10 About Horizons Capital Markets A closed joint stock company registered in Oman. Regulated by the Capital Market Authority. Licensed to undertake Brokerage, Asset Management and Other Investment Banking activities. Well recognized shareholders in the community, and the industry with vast experience in different businesses. Started commercial operations in February INSPIRED TO PERFORM

11 Historical Performance Oman Investment Performance HCM Oman Portfolio (%) 41% 13% -9% 6% 26% -1% -10% 11% MSM Performance (%) 31% 6% -16% 1% 19% -7% -15% 7% Cumulative Performance (Rebased at 100)

12 Historical Performance (Contd ) GCC Investment Performance HCM GCC Portfolio (%) 5% -2% 9% 37% 10% -4% 7% S&P GCC Performance (%) 2% -8% 3% 25% -3% -18% 4% Cumulative Performance (Rebased at 100)

13