Alinma Fund’s unitholders vote on dividing nominal value of unit into 10 riyals, on December 05

Alinma Investment Company invited Alinma Saudi Government Sukuk ETF Fund – Short Maturity unitholders to attend the second unitholders meeting, which will take place (virtual through modern means of communication) on December 05, 2023.

According to the company statement on Tadawul, the meeting will discuss the voting on the recommendation of the fund manager and the fund’s board approval to split the fund’s nominal value of the unit from SAR 100 to SAR 10 per unit. The number of Alinma Saudi Government Sukuk ETF Fund – Short Maturity units after the change will become (40,430,130) units instead of (4,043,013) units.

The Company indicated that this split action will not have any financial effect on the net asset value (NAV) of the fund.