Alkhair Capital launches fund targeting recently listed firms

Alkhair Capital has launched Alkhair Capital IPOs Fund, which will invest in recently listed companies in Saudi Arabia as well as other GCC markets, the Saudi-based investment firm said in a statement.

The fund will also focus on initial public offerings (IPOs) and joint stock companies, with the objective of achieving long-term capital growth.

It will hold its first phase from May 13 to June 1, which requires a minimum investment subscription of SAR 10,000.

         
Incepted in 2009, Alkhair Capital Saudi Arabia is a closed joint stock company, with a paid-up capital of SAR 300 million. It is licensed by the Capital Market Authority (CMA) to carry out transactions and offer investment fund management, client portfolios, and advisory services.