Alkhabeer Capital, the asset manager specializing in Sharia-compliant investments and financial services, announced that the initial public offering (IPO) period of its Alkhabeer Diversified Income Traded Fund units, which is the first of its kind in the region, will end on Thursday, Dec. 24, 2020, the fund manager said in a statement received by Argaam.
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 fund's units is available to Saudi and GCC institutional investors, individual citizens and residents of the Kingdom, and qualified foreign investors through four receiving entities, namely Aljazira Capital, Al Ahli NCB, Riyad Bank and Banque Saudi Fransi. 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).
Alkhabeer Diversified Income Traded Fund launched its IPO on Dec. 6, 2020, Argaam earlier reported.
The Capital Market Authority (CMA) approved on Sept. 16 a request by Alkhabeer Capital to list the units of Alkhabeer Diversified Income Traded Fund on Tadawul as the first traded product of its kind in the region.
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