Alkhabeer Capital has announced the successful conclusion of the subscription period of Alkhabeer Diversified Income Traded Fund 2030 with the net value of subscriptions amounting to SR305.45 million ($81.43 million).

 

During the subscription period for the initial offering, the Fund attracted 144,132 subscribers from individuals and companies. The Fund invests in various income-generating asset classes that are compatible with the provisions and principles of the Sharia Committee, including Sukuks, Trade Finance Contracts Transactions, Leasing Transactions, Asset Backed Debts, Structured Income Instruments, Income Funds, and Murabaha Transactions; This is with the aim of achieving periodic income for unit holders during the term of the fund, a release said.

 

Success of offering

The success of the initial offering of Alkhabeer Diversified Income Traded Fund 2030 confirms the confidence investors have in Alkhabeer Capital and highlights the great interest in the fund's uniqueness. This fund, the first of its kind in the kingdom, offers unique investment opportunities in a diversified portfolio of income-generating assets during a fixed maturity period.

 

According to the terms and conditions of the fund, the units will be allocated to subscribers within 10 working days from the end of the offering period. The units will be allocated in full to subscribers based on the record of subscription requests, provided that listing and the start of trading of the fund’s units on Tadawul will take place within 20 working days from the date of the end of the offering period.--TradeArabia News Service