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The Asset Management Agreement is a crucial document used when establishing a professional investment management relationship in Saudi Arabia. It is required when an authorized investment company takes responsibility for managing client assets in accordance with CMA regulations and Shariah principles. The agreement covers essential aspects such as investment mandate, risk parameters, fee structures, and reporting requirements, while ensuring compliance with Saudi Arabian regulatory framework and Islamic finance principles. This document is particularly important given Saudi Arabia's unique financial environment that combines international best practices with Islamic finance requirements, making it essential for both conventional and Shariah-compliant asset management services.

1. Parties: Identification of the asset manager and the client, including full legal names, addresses, and registration details

2. Background: Context of the agreement and brief description of the parties' intentions

3. Definitions: Definitions of key terms used throughout the agreement

4. Appointment and Authority: Formal appointment of the asset manager and scope of delegated authority

5. Services: Detailed description of asset management services to be provided

6. Investment Objectives and Strategy: Clear statement of investment objectives, strategy, and any restrictions

7. Shariah Compliance: Requirements and obligations regarding Shariah-compliant investments and operations

8. Fees and Expenses: Comprehensive fee structure, including management fees, performance fees, and other charges

9. Representations and Warranties: Standard representations and warranties from both parties

10. Client's Obligations: Responsibilities and obligations of the client

11. Reports and Valuations: Reporting requirements, frequency, and valuation methodologies

12. Confidentiality: Confidentiality obligations and permitted disclosures

13. Conflicts of Interest: Procedures for identifying and managing conflicts of interest

14. Term and Termination: Duration of agreement and termination provisions

15. Liability and Indemnification: Limitations of liability and indemnification provisions

16. Governing Law and Jurisdiction: Specification of Saudi law as governing law and jurisdiction for disputes