Logo ofAlkhabeer Growth and Income Traded Fund
Alkhabeer Capital obtained the approval of both the unitholders and the Capital Market Authority (CMA) for a fundamental change in theAlkhabeer Growth and Income Traded Fund, related to the update of its dividend distribution policy. 
For more news and details on Mutual Funds
The company stated in an announcement on Tadawul that the fund manager aims to distribute dividends on a semi-annual basis.
This distribution will include 100% of the fund’s investment income and up to 50% of realized and unrealized net profits, subject to the Board of Directors’ approval.
Alkhabeer Capital has the right to make additional distributions during the fiscal year, which will also be subject to the board’s approval.
It will take into account asset values, unit price, and market conditions at the time, while also considering the long-term growth of the fund’s assets in order to make the most appropriate decision.
Any distributions, if applicable, will be announced within ten business days following the publication of the fund’s quarterly report via Tadawul website. Also, cash distributions in detail will be disclosed.
Alkhabeer Capital further stated that entitlement to cash distributions will be granted to unitholders listed as of the record date, which will fall within 20 business days of the distribution announcement. The distributions will be paid within 30 business days of the publication of the fund’s quarterly report on Tadawul website.
The fund manager may decide not to distribute dividends due to market conditions or any other circumstances, thus, an announcement will be disclosed on Alkhabeer Capital clarifying the absence of dividend payments.
Alkhabeer Capital reserves the right to appoint a market maker for the fund, the statement highlighted.
Terms and conditions Alkhabeer growth Income traded fund
Logo ofAlkhabeer Growth and Income Traded Fund
Alkhabeer Capital obtained the approval of both the unitholders and the Capital Market Authority (CMA) for a fundamental change in theAlkhabeer Growth and Income Traded Fund, related to the update of its dividend distribution policy.
For more news and details on Mutual Funds
The company stated in an announcement on Tadawul that the fund manager aims to distribute dividends on a semi-annual basis.
This distribution will include 100% of the fund’s investment income and up to 50% of realized and unrealized net profits, subject to the Board of Directors’ approval.
Alkhabeer Capital has the right to make additional distributions during the fiscal year, which will also be subject to the board’s approval.
It will take into account asset values, unit price, and market conditions at the time, while also considering the long-term growth of the fund’s assets in order to make the most appropriate decision.
Any distributions, if applicable, will be announced within ten business days following the publication of the fund’s quarterly report via Tadawul website. Also, cash distributions in detail will be disclosed.
Alkhabeer Capital further stated that entitlement to cash distributions will be granted to unitholders listed as of the record date, which will fall within 20 business days of the distribution announcement. The distributions will be paid within 30 business days of the publication of the fund’s quarterly report on Tadawul website.
The fund manager may decide not to distribute dividends due to market conditions or any other circumstances, thus, an announcement will be disclosed on Alkhabeer Capital clarifying the absence of dividend payments.
Alkhabeer Capital reserves the right to appoint a market maker for the fund, the statement highlighted.
