Alkhabeer Growth & Income’s unitholders to vote on 20% unit buyback on Aug. 29

Logo of Alkhabeer Growth and Income Traded Fund

Unitholders of Alkhabeer Growth and Income Traded Fund will convene a general assembly on Aug. 29 to vote on buying back units to write off a maximum of 20% of the total, according to a Tadawul statement. 

 

The general assembly will also vote on amending the dividend distribution policy, as stated in the fund's terms and conditions memorandum.

 

For more news and details on Mutual Funds

 

Moreover, shareholders will vote on amending the terms and conditions to include authorizing the fund manager to appoint a market maker.

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