Alkhabeer Capital, a prominent asset manager specialising in Sharia-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).

The commencement of trading starting on July 17, 2024.

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 June 13, 2024.

This fund represents a new channel for diversifying investments 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 specialised 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, authorised by the Capital Market Authority, and headquartered in Jeddah, Saudi Arabia, with a branch in capital 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. – TradeArabia News Service