Alkhabeer Capital’s Reminder to Market of Subscription Deadline to Alkhabeer Growth and Income Traded Fund

Alkhabeer Capital, a prominent asset manager specializing in Shari’a- compliant investments and financial services, has issued a reminder to the market that the subscription period to Alkhabeer Growth and Income Traded Fund will end on the close of Thursday, 28 Shaaban 1443, corresponding to 31 March 2022, with a target fund of SAR One billion. The Fund aims to offer 100 million units at a price of SAR 10 per unit.

Saudi Arabia and GCC nationals, eligible institutions and foreign residents in the Kingdom are able to subscribe to Alkhabeer Growth and Income Traded Fund” with a minimum subscription of SAR 1,000 through the following appointed Saudi receiving banks: Aljazira Capital, Al Rajhi Bank, Saudi National Bank, and Riyad Bank. The clients of other banks are able to subscribe to the Fund through the subscription system on the website of Alkhabeer Capital.

The Fund will invest in a diversified portfolio comprising of global and local equities, public and private equity funds, initial public offerings, capital increases, private placements and Murabaha transactions, all of which are compliant with the guidelines of the Shari’a Supervisory Committee.

Alkhabeer Growth and Income Traded Fund is a closed-ended traded Shari’a-compliant investment fund that is established in accordance with the applicable laws and regulations of Saudi Arabia and is regulated by the Capital Market Authority. Alkhabeer Capital, Fund Manager and Operator, headquartered in the Kingdom of Saudi Arabia, specializes in investments and financial services. It is regulated by the Capital Market Authority, under license number (07074-37).

To obtain a copy of the Terms and Conditions of “Alkhabeer Growth and Income Traded Fund”, please visit www.alkhabeer.com.