Table of Contents
Disclaimer: Activities in the Egypt market are conducted through Thndr Securities Brokerage, which is a member firm of the Egyptian Stock Exchange and is authorized and regulated by the Financial Regulatory Authority . Registered in Egypt (no. 804)
What is Al Ahly Dahab (ADA)?
Al Ahly Dahab is an open-ended mutual fund investing in 24k gold. You can read more about the fund’s investment guidelines and limits in the fund prospectus here.
How do I place my order?
- Open the Thndr app and go to “Explore.”
- Search for “Al Ahly Dahab” or locate “ADA” under the mutual funds theme.
- Tap on the Al Ahly Dahab Fund.
- Tap on “Buy” and specify the amount you wish to invest (Minimum 2 certificates)
Buying & Selling
During the holy month of Ramadan, the daily cutoff time will be 10:30 AM.
Buy & sell Orders are submitted Monday-Thursday with a cut-off time of 10:30 AM.
Orders submitted before 10:30 AM:
Will be processed on the next day. The price used for your order will be the closing price of the same day you submitted the order.
Orders submitted after 10:30 AM:
Will be sent on the next working day, processed on the following day, and the price will be that day’s closing price.
Orders submitted on Thursdays after 10:30 AM:
Will be executed on the following Tuesday using the closing price from the previous Monday.
Fees
2% of your buy order value, collected at the time of purchase.
Standard Thndr transaction fees
Who Manages Al Ahly Dahab (ADA) ?
Al Ahly Dahab (ADA) is managed by Al Ahly Financial Investment management
Al Ahly Financial Investment management is a Leading Asset Manager in Egypt with Assets Under Management amounting to EGP64.4 billion as of August 2024.
Can I redeem my certificates for physical gold?
No, ADA does not redeem physical gold. Buying and selling takes place through certificates.
What are the risks?
- Underlying Asset Risks – changes in the price of gold.
- Supply Risks
- Storage Risks
For more details on the fund’s risk factors, view the fund prospectus here
