Logo of Albilad Capital
Albilad Capital, as the fund manager for Albilad MSCI US Equity ETF, announced that the fund’s public offering will run for 15 days starting from today, March 9, according to a bourse statement.
The offering might close earlier at the fund manager’s discretion, it added.
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Offering Details |
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Offering Period |
15 days starting from today, March 9 |
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Unit Price Upon Establishment |
SAR 10 |
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Targeted ProceedsMinimum |
SAR 10 mln |
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Minimum Limit for Subscription during the Offering Period |
SAR 50,000 or 5,000 units |
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Minimum Limit for Subscription in the Primary Market |
One basket or SAR 1 mln, whichever is higher |
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Additional Conditions |
In-kind subscriptions will not be accepted during the offering period |
Albilad Capital published the terms and conditions (T&C) of Albilad MSCI US Equity ETF on the websites of the fund manager, the Capital Market Authority (CMA) and the Saudi Exchange (Tadawul), which contain all relevant information that investors need to consider before making or refraining from an investment decision.
In December 2021, the CMA approved Albilad Capital’s request to offer Albilad MSCI US Equity ETF units on Tadawul as an exchange traded fund, Argaam earlier reported.
This is the first-of-its-kind fund that trades in the local market and invests in the Shariah-compliant stocks listed in the US market.
The fund's terms and conditions attached below:
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