SEDCO Capital Multi-Asset Traded Fund completes unit allocation

Logo of SEDCO Capital

SEDCO Capital, the manager of the SEDCO Capital Multi-Asset Traded Fund, announced the completion of unit allocation for institutional and individual investors according to the fund's approved terms and conditions.

In a statement to Tadawul, the company stated the fund attracted 351,430 institutional and individual subscribers, including residents of the Kingdom and GCC nationals. The net total subscription value reached SAR 300 million for 30 million units.

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All subscribed units by institutions, totaling 4.71 million, or 15.69% of the total offering, were allocated. Additionally, 25.29 million units, representing 84.31% of the total, were allocated to individual subscribers.

The fund's units will be listed and start trading on the Saudi Exchange (Tadawul) 20 business days after the end of the offering period, by July 25, 2024.

The offering period began on May 19, 2024, and lasted 15 days until June 6. It was then extended until June 27.

SEDCO Capital Multi-Asset Traded Fund is a closed-end, Shariah-compliant investment fund established under the Investment Funds Regulations issued by the Capital Market Authority (CMA).

The fund aims to provide investors the opportunity to invest in multiple asset categories through long-term capital growth and periodic income distribution by investing in a diversified portfolio of locally and internationally offered investments, compliant with Shariah standards.