Subscription in Alkhabeer Diversified Income Traded Fund is available through four banks, or by using the online subscription system available on the website of Alkhabeer Capital, the Fund Manager.
Jeddah, Saudi Arabia: Alkhabeer Capital, the asset manager specializing in Shari’a-compliant investments and financial services, announced that the initial public offering period of its "Alkhabeer Diversified Income Traded Fund" units, which is the first of its kind in the region, will end on Thursday 24 December 2020 corresponding to 9 Jumada Al-Awwal 1442.
The Fund provides a diversified portfolio of income generating assets, giving investors the opportunity to receive competitive periodic returns through investing in a multitude of assets, including Sukuk, trade financing, leasing, income funds and Murabaha transactions, geographically diversified across local, regional and global markets, including Saudi Arabia, the United Arab Emirates, the United States and Europe. The Fund aims at generating competitive annual returns exceeding 5% distributed semi-annually to Fund Unitholders.
The opportunity to invest in the Fund's units is available to Saudi and GCC institutional investors, individual citizens and residents of the Kingdom, and qualified foreign investors through four receiving entities, namely Aljazira Capital, Al Ahli NCB, Riyad Bank and Banque Saudi Fransi. Clients of other banks may also subscribe using the online subscription system available on the website of Alkhabeer Capital, the Fund Manager www.alkhabeer.com.
Alkhabeer Capital, headquartered in the Kingdom of Saudi Arabia, specializes in asset management, alternative investments and investment services. It is authorized by the Capital Market Authority (license number 07074-37).
© Press Release 2020
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