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Wed Jan 20, 2021 16:30:54

Tadawul Celebrate the Listing of Al Khabeer Diversified Income Traded Fund

Riyadh, 20 January 2021: The Saudi Stock Exchange (Tadawul) celebrated the listing of Al Khabeer Diversified Income Traded Fund on Tadawul’s Main Market. The listing ceremony was attended by Mohammed Al Rumaih, Chief of Markets at Tadawul, and Ahmed Saud Ghouth CEO of Al Khabeer Capital and other executives from the Saudi Stcok Exchange Tadawul and Al Khabeer Capital. Al Khabeer Capital is a leading asset manager specializing in Sharia-compliant investments and financial services.

Mohammed Al Rumaih, Chief of Markets at Tadawul said: “We are pleased to welcome Al Khabeer Diversified Income Traded Fund to Tadawul. As the first closed-ended traded fund (CEFs) to list on Tadawul’s Main Market, this listing is an important milestone in the growth of the Saudi Arabian capital market and represents a further expansion in the asset classes listed on the exchange. This landmark listing confirms on the strong confidence of both issuers and investors in the Saudi Capital Market.”

The initial public offering of Al Khabeer Diversified Income Traded Fund ran from the 6th of December to the 24th December of last year, attracting over 89,000 subscribers with a net subscription value of SR472.8 million. The coverage ratio exceeded 157% of the minimum fund’s size.

Al Khabeer Diversified Income Traded Fund aims to provide investors with a diversified portfolio of income generating assets, including Sukuk, trade financing, leasing, income funds and Murabaha transactions, geographically diversified across local, regional and global markets.

To track the performance of Closed Ended Investment Traded Funds (CEFs), please visit the following link