Alkhabeer Capital hosts media briefing for the launchof Alkhabeer diversified income traded fund

Jeddah, Saudi Arabia: Alkhabeer Capital, the asset manager specializing in Shari'a-compliant investments and financial services, hosted a media briefing for the launch of its Alkhabeer Diversified Income Traded Fund on Tuesday, 8 December, 2020. During the meeting, Mr. Ahmed Saud Ghouth, CEO of Alkhabeer Capital, discussed the Fund’s advantages and characteristics. An introductory presentation on the Fund was also delivered by the Company’s Head of Capital Markets, Mr. Ayman Abdulaziz Bajsair.

Mr. Ghouth and Deputy CEO Mr. Hisham Omar Baroom answered questions from the media and other attendees during a dialogue session moderated by Mr. Rashid Mohammed Al-Fowzan. Alkhabeer Capital announced the launch of the subscription for Alkhabeer Diversified Income Traded Fund units, which aims to issue 100 million units at SAR 10 each. The 15-day subscription period will end on 24 December, 2020.

“Closed-ended funds have become a preferred option for investors due to their ability to provide more liquidity, which enables them to be traded at any time. At Alkhabeer Capital, we believe these funds will add more diversity to the group of investment options available to investors and contribute to the development of products offered in the Saudi capital markets,” commented Mr. Ghouth.

“Alkhabeer Diversified Income Traded Fund, which is expected to be worth one billion SAR, aims to provide investors with the opportunity to achieve periodic returns by investing in income-generating assets in a number of categories, including Sukuk, trade finance, leasing and income funds. The Fund will operate across multiple sectors in local, regional, global, and emerging markets,” he added.

The Fund’s IPO will be open to Saudis, foreign residents in the Kingdom, and GCC nationals, who will have the opportunity to subscribe for units in the Fund at SAR 10 each through four receiving banks. The banks appointed to handle the subscription phase are AlJazira Capital, AlAhli NCB, Riyad Bank and Banque Saudi Fransi. Clients of other banks may also subscribe through the Alkhabeer Capital website. The minimum subscription amount is set at SAR 1,000 (100 units).

To obtain a copy of the Fund’s Terms and Conditions, please visit Alkhabeer Capital’s website www.alkhabeer.com  

Alkhabeer Capital, headquartered in the Kingdom of Saudi Arabia, specialized in asset management, alternative investments and investment services. It is authorized by the Capital Market Authority (CMA), license number 07074-37.

-Ends- 

About Alkhabeer Diversified Income Traded Fund 

Alkhabeer Diversified Income Traded Fund is a Shari’a-compliant closed-ended traded fund, established in accordance with the applicable laws and regulations of the Kingdom of Saudi Arabia and regulated by the Capital Market Authority (CMA). The Saudi Capital Market Authority approved the offering of the Fund Units on the Saudi Stock Exchange (Tadawul) on 16 September 2020 corresponding to 28 Muharram 1442.

Investment in Alkhabeer Diversified Income Traded Fund is not a cash deposit with a local bank. The value of the amount invested and any other income which may arise therefrom, may increase or decrease. All prospective investors are required to make their own determination, in consultation with their own financial and legal advisors, and evaluate all risks involved. No assurance can be given that the targeted and projected results will be achieved. Moreover, past performance of the Fund is not a guarantee of future performance.

This document is intended for general information purposes only, and does not constitute an offer to buy or sell or participate in any security, nor shall it (or any part of it) form the basis of or be relied on in connection with or act as inducement to enter into any contract whatsoever. Alkhabeer Capital shall not be liable for any losses that may arise from the use of this document or its contents or otherwise arising in connection therewith. Any projections, opinions, and statement regarding future prospects contained in this document may not be realized. Any type of past performance cannot be construed as a guarantee of future results. The value, price and income of securities can go down as well as up. Investors may have an adverse effect on the value, price or income of the securities. The Capital Market Authority does not take any responsibility for the contents of this document, does not make any representation as to its accuracy or completeness and expressly disclaims any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this document. Potential investors must read the Terms and Conditions of the Fund, the Information Note, and its content on the risks of investment, and other related documents carefully and meticulously before making a decision. By investing in the Fund, the investor acknowledges having read and accepted the Fund’s Terms and Conditions and the related risk factors. Fund’s Terms and Conditions are available on Alkhabeer Capital’s website: www.alkhabeer.com  

About Alkhabeer Capital

Alkhabeer Capital is an asset manager specialized in alternative investments providing innovative world-class investment products and solutions to institutions, family groups and qualified high net worth investors. Alkhabeer’s Shari‘a-compliant business activities are distinguished by executional vigor and a profound understanding of clients’ needs and risk profiles.

Alkhabeer’s asset management services focus on providing investment opportunities in capital markets through a wide range of private and public funds in the real estate sector and private funds in the private equity sector. Our real estate investment team sources attractive opportunities to develop innovative investment products, while our private equity services target the education and healthcare sectors to provide best-in-class optimal investment solutions.

In addition, Alkhabeer’s asset management services provide its clients with investment opportunities in capital markets through “Alkhabeer REIT”, while Alkhabeer’s Investment Banking provides dedicated investment services, including mergers and acquisitions. Alkhabeer also provides advisory services on structuring Waqf entities and managing Waqf wealth through “Alkhabeer Waqf Fund l”.

Headquartered in An Nuzhah District, Madinah Road, Jeddah, with a branch in Riyadh, Kingdom of Saudi Arabia, Alkhabeer Capital is regulated by the Capital Market Authority (CMA), license no. 07074-37.

For more details on Alkhabeer Capital, please visit www.alkhabeer.com 

Alkhabeer Capital on Social Media:
https://twitter.com/AlkhabeerCap                              
https://www.facebook.com/AlkhabeerCap 

Contacts
Abdulrahman Baroom
Director of Corporate Services Division
Alkhabeer Capital
Direct +966 12 612 9394
Email a.baroom@alkhabeer.com 

Brunswick Gulf
Brunswick Gulf Ltd
Direct +971 (4) 446 6270
Email ALKHABEER@brunswickgroup.com 

© Press Release 2020