AlKhair Capital IPOs Fund launched

AlKhair Capital IPOs Fund fund invests its assets mainly in primary markets, along with recently-listed companies in secondary markets of KSA, the GCC and MENA regions.

Khalid Al Mulhim,CEO of AlKhair Capital

Khalid Al Mulhim,CEO of AlKhair Capital

17 May 2015
Sharia-compliant Fund designed for long-term capital growth
AlKhair Capital Saudi Arabia, the leading Saudi-based investments institution, has launched the AlKhair Capital IPOs Fund.

The fund aims at capital growth in the long term and investors will be able to invest with an initial minimum subscription of SR 10,000. For the fund investment purposes, all companies will be compliant with AlKhair Capital KSA's Sharia standards and guidelines.

"The fund is designed to achieve long-term capital growth, as well as achieving a performance that exceeds the guiding index performance (AlKhair Capital IPO Index); the fund's first launch period is from 13-05-2015 - 01-06-2015" said Mr. Khalid Al-Mulhim, CEO of AlKhair Capital.

"The fund invests its assets mainly in primary markets, along with investing in recently-listed companies. These need to have been listed for less than three years in the secondary markets of KSA, the GCC and MENA regions.

The fund prospectus, terms, and conditions can be viewed and accessed through Tadawul website or on AlKhair Capital Saudi Arabia's website. AlKhair is working towards granting access to its channels and products to all investors.

Saudi Arabia is the third fastest growing economy in the G20, with an annual average growth of five per cent average over the past decade and the International Monetary Fund (IMF) promising strong growth in the years ahead. UAE-Saudi bilateral trade accounted $19 billion in 2014, which is 50 percent of the total value of overall trade with GCC.

AlKhair Capital Saudi Arabia was established in 2009 as a closed joint stock company, with a paid up capital of SR 300 million. It is licensed by the Capital Market Authority to execute transactions and offer investment fund management, client portfolios, arrangement and advisory services, with its headquarters located in Riyadh.

The company seeks to provide the market with an integrated and comprehensive range of Sharia-compliant investment products and services, with an emphasis on delivering exceptional value and tailored solutions to clients and shareholders.

About AlKhair Capital Saudi
AlKhair Capital Saudi is an investment company that is licensed and regulated by the Capital Market Authority of Saudi Arabia. The major shareholder in AlKhair Capital Saudi is Bank AlKhair. Founded in 2004 and headquartered in Bahrain, Bank AlKhair is an Islamic wholesale bank with subsidiaries in Malaysia and Turkey. The Bank is also a major shareholder in Burj Bank, Pakistan. Bank AlKhair has completed several landmark transactions since its inception, including the establishment of t'azur, a regional Takaful company and the acquisition of Bahrain Financing Company, the oldest and one of the leading foreign exchange and remittance houses in the GCC. Bank AlKhair has received widespread industry recognition for excellence and vision.

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