Alkhabeer Capital gets CMA nod to delist traded fund

Logo of Alkhabeer Growth and Income Traded Fund

Alkhabeer Capital Co., the fund manager of Alkhabeer Growth and Income Traded Fund, received approval from the Capital Market Authority (CMA) to delist the fund as a listed closed-end investment fund.

In a statement to Tadawul, the company said, following this approval, the fund will be converted into an open-ended public investment fund.

The company outlined the expected timeline for completing the delisting and conversion process, which includes holding a unitholders’ meeting, followed by suspending trading of the units, then delisting the fund and completing the conversion.

According to data available with Argaam, the fund's board of directors approved in December 2025 a recommendation by the fund manager to delist the fund as a listed closed-end investment fund and convert it into an open-ended public investment fund.

This will allow unitholders to exit or increase their investments based on the net asset value per unit.

For more details on the alternative timeline in case the quorum for the first meeting is not met:

Timeline for the Delisting of Alkhabeer Growth and Income Fund