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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).
Saudi Arabia’s NEOM announced on Sunday that it has secured a new revolving credit facility (RCF) worth SAR10 billion. It represents another milestone for NEOM as it progresses with the development of major projects and will be used to support NEOM’s short-term financing requirements. The RCF, which follows a Murabaha structure, reflects a continuation of NEOM’s strategy to diversify its sources of funding.