Albilad Capital rebalances Saudi Sovereign Sukuk ETF basket

07/04/2020 Argaam

 

Albilad Capital announced on Tuesday the rebalancing of the sukuk basket for Albilad Saudi Sovereign Sukuk ETF in line with the Index constituents.

 

The fund manager said in a bourse statement that the rebalancing was carried out on April 6, 2020.

 

In August 2019, the Capital Market Authority (CMA) approved Albilad Investment Co.’s request to offer and register “Albilad Saudi Sovereign Sukuk ETF” units on Tadawul as Exchange Traded Fund (ETF).

 

The fund started trading on Tadawul as an ETF on Feb. 17, 2020, with the symbol 9403.

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