Alkhabeer Income Fund to debut on Tadawul on Jan. 19

17/01/2021 Argaam

Alkhabeer Diversified Income Traded Fund logo

The Saudi Stock Exchange (Tadawul) announced that Alkhabeer Diversified Income Traded Fund will be listed as a closed-ended investment traded fund on the main market, and units will begin trading on Tuesday, Jan. 19, 2021, according to a bourse filing.

 

Units will trade with the symbol 4700, a daily price fluctuation limit of +/- 30% and static price fluctuation limit of +/- 10%.

 

These fluctuation limits will be applied during the first three days of trading, and they will revert to +/- 10% on the fourth day, while the static price fluctuation limits will no longer apply.

 

The fund attracted more than 89,000 subscribers, with net subscription value of SAR 472.8 million, during the IPO period of 15 business days, which ended on Dec. 24, 2020. 

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