Alkhabeer Capital announces commencement of Alkhabeer Diversified Income Traded Fund 2030 Initial Public Offering

Press release

Published April 28th, 2024 - 07:35 GMT

Alkhabeer Capital announces commencement of Alkhabeer Diversified Income Traded Fund 2030 Initial Public Offering

Highlights

• Fund’s target capital of SAR 1 billion with a minimum initial subscription of SAR 1,000

• The Fund aims to distribute periodic returns of up to 8% annually

• Subscription will commence on Sunday, 28 April 2024, and end on 19 May 2024

Jeddah, Saudi Arabia - 28 April 2024: Alkhabeer Capital, a prominent asset manager specializing in Shari’a-compliant investments, financial services and brokerage services, announced the commencement of the initial public offering of Alkhabeer Diversified Income Traded Fund 2030 units on the Saudi Exchange today, Sunday, 28 April 2024, corresponding to 19 Shawwal 1445 and will last for 15 business days, ending on Thursday, 16 May 2024, corresponding to 8 Dhul-Qadah 1445. The Fund targets a total offering of 100 million units at an initial offering price of SAR 10 (before fees and taxes).

The Fund aims to distribute periodic returns of up to 8% annually by investing in various income-generating assets across local, and global markets, with a target capital of SAR 1 billion.

Citizens, residents and qualified individuals of Saudi Arabia, as well as institutions and citizens of the GCC, can subscribe to the offering through the receiving entities, which are Aljazira Capital, Alkhabeer Tadawul, SNB Capital, Riyad Bank, Arab National Bank, Alrajhi Bank, Banque Saudi Fransi, and Alinma Bank. Subscription is also available to clients of other banks through the subscription system on the fund manager’s website. The minimum subscription for the initial offering of Alkhabeer Diversified Income Traded Fund 2030 has been set at 1,000 Saudi riyals per unit.

Alkhabeer Diversified Income Traded Fund 2030 invests in various income-generating such as assets sukuk, trade finance, leasing, senior secured loans, structured income notes, income funds, and Murabaha. To get a copy of the Terms and Conditions of the Fund, please visit www.alkhabeer.com.

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.

Background Information

Alkhabeer Capital

Alkhabeer Capital is a prominent asset management company specializing in alternative investments and providing innovative world-class products and services to institutions, family offices, and qualified high-net-worth investors.

The Company’s Shari’ah-compliant business activities are distinguished by the highest standards of ethical and professional conduct, executional vigor, and a profound understanding of clients’ investment needs and risk profiles.

Alkhabeer Capital is recognized as the company of choice for sourcing Shari’ah-compliant products and solutions through its insightful approach to creating partnerships with clients for sourcing and investing in attractive investment opportunities.

The Company has developed distinctive values to strengthen such partnerships, and endeavors to invest its capital to maximize its value proposition to shareholders and clients. This is supported by a high-caliber team of professionals with diverse expertise and extensive experience.