SEDCO Capital announces listing of SC Multi Asset Traded Fund
JEDDAH, July 24, 2024
SEDCO Capital, a global Shariah-compliant and ESG-led asset management and investment advisory firm, has announced the listing of the SEDCO Capital Multi Asset Traded Fund on the Main Market of the Saudi Exchange (Tadawul).
The offering attracted 351,428 subscribers, including institutional and individual investors from Saudi Arabia and the broader GCC, achieving a net subscription amount of SR300 million ($80 million) for 30 million units.
The Fund is designed to deliver long-term capital growth and sustainable income distribution through a diversified portfolio of local and global public equities, income assets, and private equity investments.--TradeArabia News Service