Alkhabeer Capital, an asset manager specializing in Shariah-compliant investments and financial services, has been ranked the best workplace within the financial sector in Saudi Arabia by leading global workplace culture authority, the Great Place to Work Institute. This year marks the 10th consecutive year that Alkhabeer Capital has been recognized as the top company on the annual list, consistently demonstrating its exceptional corporate environment.
The ranking reflects the company’s efforts to continuously strive toward sustaining high trust and high-performing cultures for their staff members, based on thorough analysis of confidential employee feedback and extensive audit of management policies and practices.
Alkhabeer Capital closes debut IPO of income traded fund
RIYADH, December 30, 2020 Alkhabeer Capital, the asset manager specialising in Shari’a-compliant investments and financial services, announced the successful conclusion of the initial public offering of its diversified income traded fund units, the first fund of its kind in the region. During the IPO period of 15 business days, the Fund attracted more than 89,000 individuals and institutional investors, with a net subscription value of SR472.8 million ($126 million), as the coverage ratio exceeded 157% of the minimum Fund s size. Commenting on the achievement, CEO Ahmed Saud Ghouth, said: We are pleased with the success of the fund during its initial public offering and the interest it has witnessed from individual and institutional investors.