Alkhabeer Capital approved for Saudi listing

Riyadh-based alternative investment manager Alkhabeer Capital has received approval from Saudi Arabia’s financial regulator to list one of its funds on the national stock exchange.

The Capital Market Authority granted the approval to the Alkhabeer Growth and Income Traded Fund to register its units on the Tadawul.

The investment vehicle is a closed-ended traded fund, according to the CMA’s announcement.

Alkhabeer Capital launched an IPO of its fixed income fund in December 2020.

The firm specialises in sharia-compliant investments and financial services.

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