Alkhabeer Capital Hosts Media Briefing for the Launch of Alkhabeer Diversified Income Traded Fund

Alkhabeer Capital, the asset manager specializing in Shari'a-compliant investments and financial services, hosted a media briefing for the launch of its Alkhabeer Diversified Income Traded Fund on Tuesday, 8 December, 2020. During the meeting, Mr. Ahmed Saud Ghouth, CEO of Alkhabeer Capital, discussed the Fund’s advantages and characteristics. An introductory presentation on the Fund was also delivered by the Company’s Head of Capital Markets, Mr. Ayman Abdulaziz Bajsair.

Mr. Ghouth and Deputy CEO Mr. Hisham Omar Baroom answered questions from the media and other attendees during a dialogue session moderated by Mr. Rashid Mohammed Al-Fowzan. Alkhabeer Capital announced the launch of the subscription for Alkhabeer Diversified Income Traded Fund units, which aims to issue 100 million units at SAR 10 each. The 15-day subscription period will end on 24 December, 2020.

“Closed-ended funds have become a preferred option for investors due to their ability to provide more liquidity, which enables them to be traded at any time. At Alkhabeer Capital, we believe these funds will add more diversity to the group of investment options available to investors and contribute to the development of products offered in the Saudi capital markets,” commented Mr. Ghouth.

“Alkhabeer Diversified Income Traded Fund, which is expected to be worth one billion SAR, aims to provide investors with the opportunity to achieve periodic returns by investing in income-generating assets in a number of categories, including Sukuk, trade finance, leasing and income funds. The Fund will operate across multiple sectors in local, regional, global, and emerging markets,” he added.

The Fund’s IPO will be open to Saudis, foreign residents in the Kingdom, and GCC nationals, who will have the opportunity to subscribe for units in the Fund at SAR 10 each through four receiving banks. The banks appointed to handle the subscription phase are AlJazira Capital, AlAhli NCB, Riyad Bank and Banque Saudi Fransi. Clients of other banks may also subscribe through the Alkhabeer Capital website. 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.