SEDCO Capital Multi Asset Traded Fund units to begin trading on July 24

Logo of SEDCO Capital Multi Assets

The units of SEDCO Capital Multi Asset Traded Fund will be listed and begin trading on the Saudi Exchange (Tadawul) on July 24, under the symbol 4703 and ISIN Code SA162G529FL8.

The fund will trade with +/- 30% daily price fluctuation limits and +/- 10% static price fluctuation limits during the first three days of listing.

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The fourth trading day onwards, the daily price fluctuation limits will revert to +/- 10%. The static price fluctuation limits will no longer apply.

Edaa deposited the subscribed securities of the fund today, July 22, into the accounts of eligible unitholders.

Subscription to units of SEDCO Capital Multi-Asset Traded Fund started on May 19, and continued for 15 days until June 6. It was then extended until June 27, according to data compiled by Argaam.

All subscribed units by institutions, totaling 4.71 million, or 15.69% of the total offering, were allocated. Additionally, 25.29 million units, representing 84.31% of the total offering, were allocated to individual subscribers.

SEDCO Capital Multi-Asset Traded Fund is a closed-end, Shariah-compliant investment fund established under the Investment Funds Regulations issued by the Capital Market Authority (CMA).