Alkhabeer Capital fund IPO subscription deadline extended to June 13 tradearabia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tradearabia.com Daily Mail and Mail on Sunday newspapers.
Alkhabeer Capital, a specialist in shari’a-compliant investments and brokerage services based in Jeddah, has launched the IPO of the Alkhabeer Diversified Income Traded Fund 2030. The Fund’s target capital is set at SAR1 billion ($266 million).
RIYADH: Saudi Arabia’s benchmark index TASI ended flat at 12,291 last week, amid a wave of earning reports and declining oil prices. The UAE and Qatar indexes were down as a drop in oil prices dragged down shares, but other Gulf peers recorded slight gains. Abu Dhabi, Dubai, and Qatar lost 0.3, 0.5, and 0.1 percent, respectively, while Kuwait, Bahrain, and Oman advanced