Dear Customers:
Subject: Merger of the following Samba Capital International Funds into samba capital Liquidity Fund (Al Razeen Dollar).
- International Medium-Term Balanced Fund
- International Long –Term Balanced Fund
- International Money Market Fund
- International Bond Fund
Pursuant to the approval of Capital Market Authority and in accordance with clause 19 of our samba capital investment funds terms and conditions, we hereby inform you that the above four mentioned Funds will be terminated and merged into our Samba Capital Liquidity Fund ( Al Razeen Dollar ) on Wednesday,17 of March 2010.
The merger will be effected by an automatic switch of the liquidated proceeds of the International Medium-Term Balanced Fund, International Long –Term Balanced Fund, International Money Market Fund, International Bond Fund into units of equivalent value of the Samba Capital Liquidity Fund (Al Razeen Dollar).There will be no charge or time delay due to this switch and no action will be needed from your end.
However, if you do not wish your holding in any of the above funds to be switched into Samba Capital Liquidity Fund (Al Razeen Dollar), you must order a cash redemption of your entire unit holding by visiting any Samba Capital branch or through electronic channels to fill up and lodge a Redemption form by no later than 12 PM on 15 March 2010. Failure to do so will be regarded as your consent to switch your unit holding to the Samba Capital (Al Razeen Dollar).
Thanking and assuring you of our continuous afforts to upgrade our product performance as well as the quality of our services.
