News

Alkhabeer Capital to close subscription in Alkhabeer Diversified Income Traded Fund on 24 December 2020

19 December 2020

Alkhabeer Capital to close subscription in Alkhabeer Diversified Income Traded Fund on 24 December 2020

  • The opportunity to invest in the Fund’s Units is available to Saudi and GCC institutional investors, citizens and residents of the Kingdom and qualified foreign investors.
  • Subscription in Alkhabeer Diversified Income Traded Fund is available through four banks, or by using the online subscription system available on the website of Alkhabeer Capital, the Fund Manager.

Jeddah, Saudi Arabia – 20 December 2020: Alkhabeer Capital, the asset manager specialized in Shari’ah compliant investments and financial services, announced that the initial offering period of the Units of its Alkhabeer Diversified Income Traded Fund, which is the first of its kind in the region, will end on Thursday 9 Jumada Awal 1442, corresponding to 24 December 2020.

The Fund provides a diversified portfolio of income generating assets, giving investors the opportunity to receive competitive periodic returns through investing in a multitude of assets, including Sukuk, Trade Financing, Leasing, Income Funds and Murabaha transactions, geographically diversified across local, regional and global markets, including Saudi Arabia, the United Arab Emirates, the United States and Europe. The Fund aims at generating competitive annual returns exceeding 5% distributed semi-annually to Fund Unitholders.

The opportunity to invest in the Units of the Fund is available to Saudi and GCC institutional investors, individual citizens and residents of the Kingdom and qualified foreign investors through four receiving entities, namely National Commercial Bank, Riyad Bank, Banque Saudi Fransi and Aljazira Capital. Clients of other banks may also subscribe using the online subscription system available on the website of Alkhabeer Capital, the Fund Manager www.alkhabeer.com.

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

-Ends-