Albilad Capital rebalances Saudi Sovereign Sukuk ETF basket

06/05/2020 Argaam

Albilad Capital announced in a bourse statement the rebalancing of the Sukuk basket for Albilad Saudi Sovereign Sukuk ETF in line with the Index constitutes.

 

The fund manager said that the rebalancing process was carried out on May 5, 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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