Alkhabeer Capital Announces the Closing of the Initial Offering of Alkhabeer Diversified Income Traded Fund 2030

Alkhabeer Capital, a prominent asset manager specializing in Shari’a-compliant investments, financial services and brokerage services, announced the successful conclusion of the subscription period of Alkhabeer Diversified Income Traded Fund 2030 with the net value of subscriptions amounted to SAR 305,456,350.

During the subscription period for the initial offering, the Fund attracted 144,132 subscribers from individuals and companies. The Fund invests in various income-generating asset classes that are compatible with the provisions and principles of the Sharia Committee, including, for example: Sukuks, Trade Finance Contracts Transactions, Leasing Transactions, Asset Backed Debts, Structured Income Instruments, Income Funds, and Murabaha Transactions; This is with the aim of achieving periodic income for unit holders during the term of the fund.

The success of the initial offering of Alkhabeer Diversified Income Traded Fund 2030 confirms the confidence investors have in Alkhabeer Capital and highlights the great interest in the fund's uniqueness. This fund, the first of its kind in the Kingdom, offers unique investment opportunities in a diversified portfolio of income-generating assets during a fixed maturity period.

According to the terms and conditions of the fund, the units will be allocated to subscribers within 10 working days from the end of the offering period, that is, no later than 4 July 2024, corresponding to 28 Dhu al-Hijjah 1445. The units will be allocated in full to subscribers based on the record of subscription requests, provided that listing and the start of trading of the fund’s units on Tadawul will take place within 20 working days from the date of the end of the offering period, that is, no later than 14 July 2024, corresponding to 8 Muharram 1446.

Alkhabeer Capital, the Fund Manager, is one of the leading capital market institutions in Saudi Arabia, authorized by the Capital Market Authority under License No. 07074-37 and headquartered in Jeddah, Kingdom of Saudi Arabia, with a branch in Riyadh. The Company provides innovative world-class investment products and solutions in private equity, financial markets and real estate investments, in addition to offering investment banking and brokerage services.