Alkhabeer Capital announces the dates for the IPO of “Alkhabeer Diversified Income Traded Fund 2030” units

Alkhabeer Capital, a prominent asset manager specializing in Shari’a-compliant investments, financial services and brokerage services, announced the dates for the initial public offering of Alkhabeer Diversified Income Traded Fund 2030 units on the Saudi Exchange starting on 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.

Alkhabeer Diversified Income Traded Fund 2030 is a Shari’a-compliant closed-ended traded fund established under the laws and regulations of the Kingdom of Saudi Arabia and regulated by the Capital Market Authority. The Fund aims to distribute returns semi-annually for investors by investing in various income-generating assets across local, and global markets, with a fixed maturity date set for 2030. The fund also leverages the expertise of international asset management companies that have a strong track record and proven ability to navigate through various economic cycles.

Mr. Ahmed Saud Ghouth, Chief Executive Officer of Alkhabeer Capital, commented: “We are delighted to launch “Alkhabeer Diversified Income Traded Fund 2030” with a target capital of SAR 1 billion. Our new Fund is designed to generate periodic returns for investors by investing in a diversified pool of income-generating assets. With a fixed maturity term and a focus on generating income, the fund offers investors clarity and predictability in terms of cash flow. Additionally, the Fund provides investors with the opportunity to capitalize on favorable short-term rates for an extended period of time, allowing investors to optimize their returns during a period of elevated rates, which are anticipated to decline as inflationary pressures subside. Moreover, in addition to the flexibility to trade the fund’s units throughout its duration, the Fund offers a clear exit route at maturity, where the net asset value will be distributed to unitholders.”

Alkhabeer Diversified Income Traded Fund 2030 invests in various income-generating assets such as 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.