Alkhabeer Diversified Income Traded Fund 2030 Lists on Tadawul and Commences Trading

Press release

Published July 18th, 2024 - 07:52 GMT

Alkhabeer Diversified Income Traded Fund 2030.

Alkhabeer Capital, a prominent asset manager specializing in Shari’a-compliant investments, financial services and brokerage services, announced listing the units of its Alkhabeer Diversified Income Traded Fund 2030 on the Main Market of the Saudi Exchange (Tadawul) and the commencement of trading starting on 17 July 2024, corresponding to 11 Muharram 1446. The trading code for the Fund’s units in the market is (4702), and its ISIN Code is (SA1620529F58) with +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits.

Alkhabeer Diversified Income Traded Fund 2030 attracted more than 144,132 individual and institutional investors, with a net subscription value of SAR 305,456,350 during the initial public offering period, which concluded on 13 June 2024, corresponding to 7 Dhu al-Hijjah 1445.

This fund represents a new channel for diversifying investments away from traditional asset types to achieve periodic income for unit holders with a specified maturity period of six years. The fund invests in various income-generating asset classes, such as Sukuk, Trade Finance, Leasing, Senior Secured Loans, Structured Income Notes, Income Funds, and Murabaha, in accordance with the rulings and principles of the Sharia committee. Additionally, the fund benefits from the knowledge and expertise of global companies specialized in managing the fund's assets, which boast a track record of achievements through various economic cycles and financial crises.

The fund is the third closed-end publicly traded investment fund on the Saudi Exchange, Tadawul, and the third closed-end publicly traded investment fund launched by Alkhabeer Capital. 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.