Aljazira Capital, Placement Manager for Alkhabeer Diversified Income Traded Fund, announced that the fund's subscription process has been successfully completed.
According to Arabiya Net, the company said in a statement that, over 15 working days, the fund attracted more than 89,000 subscribers, and the net value of subscriptions reached 472.8 million Real.
Al-Jazira Capital added that, as the manager of the offering, it will coordinate with the fund manager to end the allocation process, within 10 working days from the date of the end of the initial offering period, on a date No later than January 7, 2021.
and referred to the offering of the fund's units in the Saudi Stock Exchange, trading within 20 working days of the end of the initial offering period, no later than January 21, 2021.
The company announced the start of subscribing to the fund on December 6, 2020, at the offering price of 10 riyals per unit, with a minimum subscription to the fund is one thousand Saudi riyals ( 100 units).
It is a closed traded investment fund that complies with the controls of the Sharia Board. It was established according to the laws and regulations in force in the Kingdom and is subject to the supervision and supervision of the Capital Market Authority. The investment objective of the fund is to achieve Periodic income for investors through investing in income-generating assets that are compliant with Shariah regulations such as sukuk, trade finance, leasing, income funds, and murabaha.
