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Aljazira Capital, in its capacity as the IPO Lead Manager for the Alkhabeer Diversified Income Traded Fund, announces the Commencement of the Initial Public Offering of the fund

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Announcement Detail Aljazira Capital, in its capacity as the IPO Lead Manager for the Alkhabeer Diversified Income Traded Fund, announces that the initial public offering of “Alkhabeer Diversified Income Traded Fund” will commence, starting on 6 December 2020, with a subscription period of 15 days, ending on 24 December 2020.

Alkhabeer Income Fund, a closed-ended traded fund regulated by the Capital Market Authority (CMA), is the first traded product of its kind in the region that provides global exposure to a multi-asset portfolio of income generating assets. The primary objective of the Fund is to generate periodic income for the investors by investing in various Shari’a-compliant income-generating assets such as Sukuk, Trade Finance, Leasing, Income Funds and Murabaha.

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 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).

For more information and to obtain a copy of the Fund’s Terms and Conditions, please visit Alkhabeer Capital’s website

https://www.alkhabeer.com/income/

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The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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