RIYADH: Jeddah-based asset management company, AlKhabeer Capital has successfully raised SR1.078 billion ($287 million) in a recent initial public offering of a new investment fund. The IPO ended on March 31, and during a period of 15 business days, its Growth and Income Traded fund, which is Sharia-compliant, attracted 470,158 subscribers, the company said in a bourse
RIYADH: Alkhabeer Capital received Capital Market Authority approval to offer and register “Alkhabeer Growth and Income Traded Fund” units on the Saudi stock exchange, Tadawul. The fund which was approved on Feb. 7, 2022 will be a closed-ended traded fund, according to the CMA website. Alkhabeer Capital is an asset manager specializing in Shariah-compliant investments and