Alkhabeer Capital Plans IPO for Its Diversified Fund
The offering is scheduled to commence on Sunday, April 28th.
Alkhabeer Capital, an asset manager specializing in Sharia-compliant investments and financial services, has announced the dates for the initial public offering (IPO) of Alkhabeer Diversified Income Traded Fund 2030 units on the Saudi Exchange. The offering is scheduled to commence on Sunday, April 28th, and will run for 15 business days until Thursday, May 16th.[1]
The Fund targets a total offering of 100 million units at an initial price of SAR 10 per unit. The Capital Market Authority (CMA) and Saudi Arabian laws and regulations govern the Shari'a-compliant closed-ended traded fund Alkhabeer Diversified Income Traded Fund 2030.
The Fund focuses on investing in diverse income-generating assets across local and global markets, with a fixed maturity date set for 2030.
Assets within the portfolio include sukuk, trade finance, leasing, senior secured loans, structured income notes, income funds, and Murabaha, offering investors a diversified exposure to income-generating instruments while adhering to Shariaa principles.