Alkhabeer Income Fund 2030 finalizes allocation to institutional, retail investors

Logo of Alkhabeer Diversified Income Traded Fund

Alkhabeer Capital, the fund manager of Alkhabeer Diversified Income Traded Fund 2030, completed the allocation process for institutions and retail investors for its initial public offering on the Main Market (TASI), as per the fund’s terms and conditions.

All units subscribed to by institutions, amounting to 5.01 million units, have been allocated, according to a statement to Tadawul today, July 1.

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Meanwhile, as many as 25.54 million units were allotted to retail subscribers. A minimum of 100 units were first allocated to each individual subscriber, while the remainder was distributed pro-rata, based on the size of each subscriber’s request to the total remaining units required to subscribe in them, with a 100% allocation rate, the fund manager said.

Alkhabeer Income Fund 2030 earlier floated 100 million units, representing 100% of its capital.

The subscription period ran from April 28-June 13, at an offer price of SAR 10.12 per unit (subscription fees and VAT inclusive), through the receiving entities. The surplus subscription was refunded on June 27.