Alkhabeer Growth and Income Fund closes IPO

06/04/2022 Argaam
Logo ofAlkhabeer Growth and Income Traded Fund

Logo of Alkhabeer Growth and Income Traded Fund

Alkhabeer Growth and Income Traded Fund’s initial public offering (IPO) was successfully completed on March 31, fund manager Alkhabeer Capital said in a statement to Tadawul.

 

The IPO attracted a total of 470,158 subscribers, and the net subscription value reached SAR 1.08 billion.

 

Alkhabeer Capital will coordinate with the lead manager to complete the unit allocation process to subscribers, within 10 business days from the end of the IPO.

 

The fund’s units will be listed on the Saudi Exchange (Tadawul) within 20 business days from the end of the IPO.

 

For More IPOs

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