Jeddah, Saudi Arabia: Alkhabeer Capital, the asset manager specializing in Shari'a-compliant investments and financial services, announced today the commencement of the initial public offering of “Alkhabeer Diversified Income Traded Fund” units. The Fund is targeting to issue 100 million units priced at SAR 10, with a subscription period of 15 days, ending on 24 December 2020.

“Alkhabeer Diversified Income Traded Fund”, which is targeting to issue a maximum value of SAR 1 billion, aims to provide investors with the opportunity to generate periodic returns through investing in income-generating assets, diversified across asset classes, sectors and geographies. The Fund’s income-generating asset classes include Sukuks, trade finance, leasing and income funds are further diversified across multiple sectors in local, regional and global markets as well as emerging markets.

Saudi Arabian nationals, foreign residents in the Kingdom and GCC nationals will be able to subscribe for units in Alkhabeer Diversified Income Traded Fund at the price of SAR 10 per offer unit through the appointed receiving banks: Aljazira Capital, Al Ahli NCB, Riyad Bank and Banque Saudi Fransi. Subscribing in the Fund for clients of other banks is also available through the subscription system on the website of the Fund Manager, Alkhabeer Capital. The minimum subscription amount is set at SAR 1,000 (100 units).

To obtain a copy of the Fund’s Terms and Conditions, please visit Alkhabeer Capital’s website www.alkhabeer.com  

Alkhabeer Capital, headquartered in the Kingdom of Saudi Arabia, specialized in asset management, alternative investments and investment services. It is authorized by the Capital Market Authority (CMA), license number 07074-37.

-Ends- 

About Alkhabeer Diversified Income Traded Fund 

  • Alkhabeer Diversified Income Traded Fund is a Shari’a-compliant closed-ended traded fund, established in accordance with the applicable laws and regulations of the Kingdom of Saudi Arabia and regulated by the Capital Market Authority (CMA). The Saudi Capital Market Authority approved the offering of the Fund Units on the Saudi Stock Exchange (Tadawul) on 16 September 2020 corresponding to 28 Muharram 1442.
  • Investment in Alkhabeer Diversified Income Traded Fund is not a cash deposit with a local bank. The value of the amount invested and any other income which may arise therefrom, may increase or decrease. All prospective investors are required to make their own determination, in consultation with their own financial and legal advisors, and evaluate all risks involved. No assurance can be given that the targeted and projected results will be achieved. Moreover, past performance of the Fund is not a guarantee of future performance.
  • This document is intended for general information purposes only, and does not constitute an offer to buy or sell or participate in any security, nor shall it (or any part of it) form the basis of or be relied on in connection with or act as inducement to enter into any contract whatsoever. Alkhabeer Capital shall not be liable for any losses that may arise from the use of this document or its contents or otherwise arising in connection therewith. Any projections, opinions, and statement regarding future prospects contained in this document may not be realized. Any type of past performance cannot be construed as a guarantee of future results. The value, price and income of securities can go down as well as up. Investors may have an adverse effect on the value, price or income of the securities. The Capital Market Authority does not take any responsibility for the contents of this document, does not make any representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this document. Potential investors must read the Terms and Conditions of the Fund, the Information Note, and its content on the risks of investment, and other related documents carefully and meticulously before making a decision. By investing in the Fund, the investor acknowledges having read and accepted the Fund’s Terms and Conditions and the related risk factors. Fund’s Terms and Conditions are available on Alkhabeer Capital’s website: www.alkhabeer.com  

About Alkhabeer Capital

Alkhabeer Capital is an asset manager specialized in alternative investments providing innovative world-class investment products and solutions to institutions, family groups and qualified high net worth investors. Alkhabeer’s Shari‘a-compliant business activities are distinguished by executional vigor and a profound understanding of clients’ needs and risk profiles.

Alkhabeer’s asset management services focus on providing investment opportunities in capital markets through a wide range of private and public funds in the real estate sector and private funds in the private equity sector. Our real estate investment team sources attractive opportunities to develop innovative investment products, while our private equity services target the education and healthcare sectors to provide best-in-class optimal investment solutions.

In addition, Alkhabeer’s asset management services provide its clients with investment opportunities in capital markets through “Alkhabeer REIT”, while Alkhabeer’s Investment Banking provides dedicated investment services, including mergers and acquisitions. Alkhabeer also provides advisory services on structuring Waqf entities and managing Waqf wealth through “Alkhabeer Waqf Fund l”.

Headquartered in An Nuzhah District, Madinah Road, Jeddah, with a branch in Riyadh, Kingdom of Saudi Arabia, Alkhabeer Capital is regulated by the Capital Market Authority (CMA), license no. 07074-37.

For more details on Alkhabeer Capital, please visit www.alkhabeer.com 

Alkhabeer Capital on Social Media:
https://twitter.com/AlkhabeerCap                              
https://www.facebook.com/AlkhabeerCap  

Contacts
Abdulrahman Baroom
Director of Corporate Services Division
Alkhabeer Capital
Direct +966 12 612 9394
Email a.baroom@alkhabeer.com  

Brunswick Gulf
Brunswick Gulf Ltd
Direct +971 (4) 446 6270
Email ALKHABEER@brunswickgroup.com 

Send us your press releases to pressrelease.zawya@refinitiv.com

© Press Release 2020

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.