Logo of Alkhabeer Growth and Income Traded Fund
Alkhabeer Capital, the fund manager, announced that Alkhabeer Growth and Income Traded Fund repurchased its units during the period from July 24 to Aug. 10, 2023, as the following:
|
First Phase Buyback |
|
|
No. of repurchased units |
14.81 mln |
|
Average Unit Price |
SAR 9.45 |
|
Value |
SAR 139.9 mln |
|
Total Units to be Repurchased |
50 mln |
The company will coordinate with the Securities Depository Center Co. (Edaa) to complete the process of canceling the repurchased units, it said in a statement to Tadawul.
On July 19, the unitholders of Alkhabeer Growth and Income Traded Fund approved a special resolution to repurchase a 50% maximum of total units for cancellation, according to data compiled by Argaam.
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