Riyadh – Mubasher: Alkhabeer Capital on Sunday said that the subscription period for its “Alkhabeer Diversified Income Traded Fund” will begin on 6 December 2020 and will end on 24 December 2020.
The first of its kind in the region, the fund aims to issue a maximum value of SAR 1 billion to provide investors with the opportunity to generate periodic income through investing in income-generating assets, diversified across asset classes, sectors, and geographies, according to a press release.
The fund’s income-generating asset classes include Sukuk, trade finance, leasing, income funds, and Murabaha, diversified across multiple sectors in local, regional, and global markets, as well as developing and emerging markets.
In September, Alkhabeer Capital received the Capital Market Authority’s (CMA) approval to begin the public offering of Alkhabeer Diversified Income Traded Fund to be listed on the Saudi Stock Exchange (Tadawul).
Headquartered in Saudi Arabia, Alkhabeer Capital is specialised in asset management, alternative investments, and investment services.
