Alkhabeer Growth & Income cancels repurchased units; current units total 63.88M

Alkhabeer Growth & Income Traded Fund says the nominal value of its capital was cut from SAR 699.74M to SAR 638.76M under the move

Alkhabeer Capital, fund manager of Alkhabeer Growth and Income Traded Fund, completed the cancellation of units repurchased by the fund, according to a Tadawul statement.

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The fund manager, in coordination with Saudi Tadawul Group, concluded writing off 6.1 units, representing the total units repurchased by the fund over the period from Aug. 29, 2024, to Aug. 28, 2025.

Accordingly, the nominal value of the fund's capital was reduced from SAR 699.74 million to SAR 638.76 million. Thus, the total number of the fund’s outstanding units reached 63.88 million. In August 2024, the fund's unitholders approved buying back units to write off a maximum of 20% of the total units. The buyback ended on Aug. 28, 2025, according to Argaam data.

The total number of repurchased units reached nearly 6.1 million worth SAR 55.81 million, at an average of SAR 9.15 apiece.