Edaa deposits subscribed securities of Alkhabeer Income Fund 2030

15/07/2024 Argaam

Edaa deposits subscribed securities of Alkhabeer Income Fund 2030

Logo of Alkhabeer Diversified Income Traded Fund 2030

The Securities Depository Center Co. (Edaa) added today, July 15, the subscribed securities of Alkhabeer Diversified Income Traded Fund 2030 to the accounts of eligible unitholders.

 

Alkhabeer Capital, the manager of Alkhabeer Diversified Income Fund 2030, earlier floated 100 million units, representing 100% of the fund’s capital, according to data available with Argaam.

 

For more news and details on investment Funds

 

The subscription period ran from April 28 until June 13, at an offer price of SAR 10.12 per unit (subscription fees and VAT inclusive) through the receiving entities.

 

A total of 5.01 million units were allocated to institutions.
 
Meanwhile, as many as 25.54 million units were allotted to retail subscribers. A minimum of 100 units were first allocated to each individual subscriber, while the remainder was distributed pro-rata, based on the size of each subscriber’s order, with a 100% allocation rate.
 
Alkhabeer Diversified Income Fund 2030 is a Shariah-compliant closed-end traded fund.

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