News

Alkhabeer fund launches IPO

IPO_0Saudi-based alternative investment manager, Alkhabeer Capital, is hoping to raise US$267 million (SAR1 billion) for the recently launched IPO of its fixed income fund.  Shares in the Alkhabeer Diversified Income Traded Fund went on sale on December 6 and the firm is looking to issue 100 million units priced at $2.67 in the 15 day subscription period.  According to the fund prospectus, the fund will focus on income-generating assets across multiple asset classes and sectors.  Some of the asset classes include sukuks, trade finance and leasing.  Four local banks, Aljazira Capital, Al Ahli NCB, Riyad Bank and Banque Saudi Fransi, have been appointed to handle the subscription phase which is open to Saudis, Gulf Cooperation Council (GCC) nationals and foreign residents. ©2019 funds global mena

Executive Interviews

INTERVIEW: ‘Financing is the blood of Iran’s economy’

Amid a fresh wave of American sanctions, Romil Patel spoke to Meysam Hamedi, director of financial markets and instruments at Iran’s Securities & Exchange Organization (SEO).

INTERVIEW: Totally mega

In 2016, global consulting firm PWC forecast the emergence of five global ‘megatrends’ in the next two decades. Stephen Anderson, its Middle East clients and markets leader, talks about their...

INTERVIEW: Protecting the investment

Rasmala’s trade finance fund recently passed $100 million in assets. Doug Bitcon, head of credit strategies, explains why he has to be hands-on.

EXECUTIVE INTERVIEW: A natural interest in the topic

Since 2016, Guillermo Ortiz has been a chairman of Latin America’s BTG Pactual. The former central banker of Mexico talks to Nick Fitzpatrick.

Roundtables

Middle East Investor Roundtable 2020: Dimensions of diversification

Investors in the Middle East consider the tools that will be needed to navigate the Covid-19 crisis, the continued appetite for dividend and why it’s all about tech. Chaired by Romil Patel.

South Africa asset management roundtable: Global rebound on ice

Experts discuss the investment implications of the coronavirus pandemic, a delayed rebound in global growth and dealing with South Africa’s energy issues head on. Chaired by Romil Patel in Cape Town.

South African roundtable: Taking the bull by the horns

Our panel discusses Chinese investment in Africa, financial institutions’ contribution to economic sustainability and regulatory concerns. Chaired by Romil Patel in Cape Town.

ROUNDTABLE: Hooked to the global caravan

With the MENA region at a tipping point, our panellists talk about economic diversification, the impact of regulation and the delayed Saudi Aramco listing. Chaired by Romil Patel in Dubai.