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Alkhabeer Capital Announces the Commencement of  the Initial Public Offering of “Alkhabeer Diversified Income Traded Fund” Units

5 December 2020

Alkhabeer Capital Announces the Commencement of  the Initial Public Offering of “Alkhabeer Diversified Income Traded Fund” Units

  • Subscription in the Fund is available through four receiving banks, with a minimum of SAR 1,000 

Jeddah, Saudi Arabia – 6 December 2020: Alkhabeer Capital, the asset manager specializing in Shari’a-compliant investments and financial services, announced today the commencement of the initial public offering of “Alkhabeer Diversified Income Traded Fund” units. The Fund is targeting to issue 100 million units priced at SAR 10, with a subscription period of 15 days, ending on 24 December 2020.

“Alkhabeer Diversified Income Traded Fund”, which is targeting to issue a maximum value of SAR 1 billion, aims to provide investors with the opportunity to generate periodic returns through investing in income-generating assets, diversified across asset classes, sectors and geographies. The Fund’s income-generating asset classes include Sukuks, trade finance, leasing and income funds are further diversified across multiple sectors in local, regional and global markets as well as emerging markets.

Saudi Arabian nationals, foreign residents in the Kingdom and GCC nationals will be able to subscribe for units in Alkhabeer Diversified Income Traded Fund at the price of SAR 10 per offer unit through the appointed receiving banks: Aljazira Capital, Al Ahli NCB, Riyad Bank and Banque Saudi Fransi. Subscribing in the Fund for clients of other banks is also available through the subscription system on the website of the Fund Manager, Alkhabeer Capital. The minimum subscription amount is set at SAR 1,000 (100 units).

To obtain a copy of the Fund’s Terms and Conditions, please visit Alkhabeer Capital’s website www.alkhabeer.com.

Alkhabeer Capital, headquartered in the Kingdom of Saudi Arabia, specialized in asset management, alternative investments and investment services. It is authorized by the Capital Market Authority (CMA), license number 07074-37.

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