Albilad Capital Rebalances Saudi Sovereign Sukuk Basket

Saudi Arabia based Albilad Capital (Albilad) has announced that it has rebalanced the basket containing Saudi Arabia’s sovereign trading fund for Sukuk, as per the provisions of the fund’s benchmark.

In a statement published in the Tadawul, the rebalancing had taken place on the 6th of April 2020.

In August 2019, the Capital Market Authority approved Albilad’s request to offer and register units of the Al Bilad Fund for Saudi sovereign Sukuk in the Tadawul as a floating index investment fund, whose units will be publicly offered.

The fund invests its assets mainly in local Saudi sovereign bonds (SAR denominated), which are list...