Initial Public Offering of Alkhabeer Growth and Income Traded Fund Kickstarts on Tadawul: Alkhabeer Capital

Initial Public Offering of Alkhabeer Growth and Income Traded Fund Kickstarts on Tadawul: Alkhabeer Capital

https://islamicmarkets.com/articles/initial-public-offering-of-alkhabeer-growth-and-income-traded-fund
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Saudi-based Alkhabeer Capital announced the start of the initial public offering (IPO) of its closed-ended traded Shariah-compliant investment fund named “Alkhabeer Growth and Income Traded Fund” on the Saudi Stock Exchange (Tadawul) on the 13th of March 2022.

Why it Matters?

The Fund's investment objective is to increase the its net asset value over time by the performance of its investments, as well as to provide investors with periodic income by distributing all annual returns received from companies and up to 50% of capital gains resulting from increases in the value of the companies in which the Fund invests, as stated by Ahmed Saud Ghouth, Chief Executive Officer (CEO) of Alkhabeer Capital. With a target capital of SAR 1 billion (USD...