Logo ofAlkhabeer Growth and Income Traded Fund
Alkhabeer Growth and Income Traded Fund’s board of directors approved the recommendation of the fund manager to cancel the fund’s listing as a closed-ended traded investment fund and convert it into a public open-ended investment fund, subject to the approval of the Capital Market Authority (CMA) and, subsequently, the approval of the fund unit holders. 
The fund stated that, once all regulatory approvals are obtained, this move will allow all unit holders who wish to exit and/or increase their investment to do so at the net asset value per unit.
In a statement today on Tadawul, the fund noted that the decision follows the fund manager’s recommendations, taking into account the interests of all unit holders and maximizing their rights, including consideration of the standard regulatory timeframes.
According to Argaam data, Alkhabeer Growth and Income’s units were listed and began trading as a closed-ended traded investment fund on the main market on April 27, 2022, with 100 million units offered, of which 99.41 million units were allocated to individual investors.
The fund invests in a diversified portfolio of global equities, public and private equity funds, initial public offerings, and private placements.
Logo ofAlkhabeer Growth and Income Traded Fund
Alkhabeer Growth and Income Traded Fund’s board of directors approved the recommendation of the fund manager to cancel the fund’s listing as a closed-ended traded investment fund and convert it into a public open-ended investment fund, subject to the approval of the Capital Market Authority (CMA) and, subsequently, the approval of the fund unit holders.
The fund stated that, once all regulatory approvals are obtained, this move will allow all unit holders who wish to exit and/or increase their investment to do so at the net asset value per unit.
In a statement today on Tadawul, the fund noted that the decision follows the fund manager’s recommendations, taking into account the interests of all unit holders and maximizing their rights, including consideration of the standard regulatory timeframes.
According to Argaam data, Alkhabeer Growth and Income’s units were listed and began trading as a closed-ended traded investment fund on the main market on April 27, 2022, with 100 million units offered, of which 99.41 million units were allocated to individual investors.
The fund invests in a diversified portfolio of global equities, public and private equity funds, initial public offerings, and private placements.
