Alkhabeer Growth and Income Traded FundLists on Saudi Exchange and Commences Trading

aleqtsad. Riyadh

Alkhabeer Capital announced today the listing and commencement of trading of Alkhabeer Growth and Income Traded Fund units on the Saudi Exchange (Tadawul) on Wednesday, 26 Ramadan 1443, corresponding to 27 April 2022. The official trading code for the units in the Saudi market is (4701) and the international code is (SA15HG529EL7), with a +/-30% daily price fluctuation limit and a +/-10% static price fluctuation limit.

As stated in the Tadawul announcement, Alkhabeer Capital confirmsthat the fluctuation limits will be applied during the first three business days of listing only, while the daily price fluctuation limitswill revert to the +/-10% range and the fixed price fluctuation limits will no longer apply from the fourth trading day onwards,corresponding to Monday, 9 May 2022.

Alkhabeer Growth and Income Traded Fund attracted more than 470kindividual and institutional investors. The Fund realized a subscription coverage ratio of 105% with a net subscription value of SAR 1.08 billion during the initial public offering period of 15 business daysthat concluded on Thursday, 31 March 2022.

Commenting on this milestone moment, Mr. Ahmed Saud Hamza Ghouth, Chief Executive Officer of Alkhabeer Capital, said: “We are proud of the great interest in “Alkhabeer Growth and Traded Income” Fund, with the prominent demand that it witnessed during the initial public offering period being testament to the investors’ appetite for such innovative investment products. We are pleased that this Fund is the second among the closed-ended investment traded funds in the Saudi Capital Market and also the second within the Company’s own closed-ended traded investment funds, contributing to the diversity of the available products and strengthening the financial market.”

The Fund invests in a diversified portfolio of stocks, public and private equity funds, initial public offerings and private offerings. The Fund aims to develop its net asset value and distributing the returns of the companies in which the Fund invests and a portion of the capital gains resulting from the growth in the market value of the invested securities.

Alkhabeer Capital, Fund Manager and Operator, is an asset manager specializing in investments and financial services. The Company is headquartered in Jeddah, Kingdom of Saudi Arabia, and is regulated by the Capital Market Authority, under license number (07074-37).