Alkhabeer Growth’s IPO attracts 470,000 subscribers

Reuters Images

The IPO had a 15-business day subscription period, which ended on March 31

Staff Writer, Mubasher

April 8, 2022

PHOTO

Riyadh – The initial public offering (IPO) of Alkhabeer Growth and Income Traded Fund has attracted 470,158 subscribers, registering SAR 1.07 billion in net subscription value.

The IPO had a 15-business day subscription period, which ended on 31 March, according to a recent bourse filing.

AlKhabeer Capital, the fund manager, noted that the units will be listed on the Saudi Exchange (Tadawul) within 20 days from 31 March.

It is worth noting that Alkhabeer Growth started its IPO on 13 March this year.

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.