Alkhabeer Capital, an asset manager specializing in Shariah-compliant investments and financial services, has announced the listing of the units of its Alkhabeer Diversified Income Traded Fund on the main market of the Saudi stock exchange (Tadawul). Trading commenced on Jan. 19. The trading code for the fund’s units in the market is 4700, and its international code is SA1560529E57.
The listing of the fund’s units was celebrated at the Tadawul Media Center in Riyadh, in the presence of Mohamed Al-Rumaih, chief of markets at Tadawul, and Ahmed Saud Ghouth, CEO of Alkhabeer Capital, as well as other executives of the company. The event marked the listing of the first-ever fund in the region on Tadawul as a closed-ended (non-real estate) traded fund that provides investors with a diversified portfolio of income-generating assets, offering them the opportunity to achieve competitive periodic returns.