Yaqeen Capital extends Saudi Equity Growth Traded Fund IPO for 15 days

Logo of Yaqeen Capital

Saudi Equity Growth Traded Fund will extend its offering on Nomu-Parallel Market for additional 15 days, in line with the fund terms and provisions, fund manager, Yaqeen Capital said in a statement to Tadawul.

The unit offering on Nomu will end on July 6.

The IPO of Saudi Equity Growth Traded Fund on Nomu-Parallel Market as a closed-ended traded fund began on May 1, Argaam reported.

The process was scheduled to run for 29 business days or until June 8.

 The fund targets raising SAR 300 million by offering 30 million units at SAR 10 each in the initial offering, with a minimum of SAR 100 million to start up.

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