Alkhabeer Capital Announces Successful Completion of Alkhabeer Diversified Income Traded Fund’s IPO

Saudi Arabia-based Alkhabeer Capital has successfully completed its initial public offering (IPO) of Alkhabeer Diversified Income Traded Fund (ADITF) units on the 24th of December 2020. Authorised by the Capital Market Authority, Alkhabeer Capital specialises in asset management, investment services, as well as alternative investments.

Attracting over 89,000 individual and institutional investors, the issuance earned a net subscription value of SAR 472.8 million, with coverage exceeding 157% of the minimum Fund’s size. Allocation of the fund’s shares will take place by the 7th of Jan 2021 and the Fund units will be listed on Tadawul (Saudi Arabia’s Stock Exchange) no later than the 21st of January 2021.

ADITF seeks to provide investors with a divers...