Table of Contents
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
Buy & sell Orders are submitted Monday-Thursday with a cut-off time of 10 AM.
Orders submitted before 10 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 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 AM:
Will be executed on the following Tuesday using the closing price from the previous Monday.
Fees
- 2.4% of your buy order value, collected at the time of purchase.
- Standard Thndr 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