Alkhabeer Capital announces the imminent close of subscription to Alkhabeer Diversified Income Traded Fund 2030

Alkhabeer Capital, a prominent asset manager specializing in Shari’a-compliant investments, financial services and brokerage services, has issued a reminder to the market that the subscription period to Alkhabeer Diversified Income Traded Fund 2030 will end at the close of day 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) 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 available to clients of other banks through the subscription system on the fund manager’s website. The minimum subscription for the initial offering of the “Alkhabeer Diversified Income Traded Fund 2030” has been set at 1,000 Saudi riyals per unit.

The Fund represents a new channel for diversifying investments away from traditional asset classes, aiming to achieve a periodic income of up to 8% annually for unitholders. The fund will invest in various income-generating assets, including Sukuk, Trade Finance, Leasing, Senior Secured Loans, Structured Income Notes, Income Funds, and Murabaha contracts. Additionally, the fund benefits from the expertise of international companies specializing in asset management, distinguished by their track record across different economic cycles. It is the first of its kind in the Kingdom of Saudi Arabia in terms of foreseeable exit. Upon the fund’s maturity in 2030, the net asset value will be distributed to unitholders in a timely manner.

To get a copy of the Terms and Conditions of the Fund, please visit www.alkhabeer.com.