Edaa deposits subscribed securities of Alkhabeer Growth and Income Fund

Logo of Alkhabeer Growth and Income Traded Fund

The Securities Depository Center Co. (Edaa) deposited today, April 25 the subscribed securities of Alkhabeer Growth and Income Traded Fund into the registered accounts of eligible securities’ holders.

The fund’s initial public offering (IPO) ran from March 13-31, when the fund manager offered 100 million units at SAR 10 each, Argaam earlier reported.

The IPO was 105.39% oversubscribed. The net subscription value reached SAR 1.08 billion by 470,160 investors. A minimum of 100 units were allocated to each individual subscriber.