CMA approves IPO of Alkhabeer Income Fund 2030

Logo of  Alkhabeer Capital Co.

The Capital Market Authority (CMA) issued its resolution approving Alkhabeer Capital Co.’s request to float Alkhabeer Diversified Income Traded Fund 2030’s units on the Saudi market in a public offering, to be listed as a close-ended traded fund.

In a statement today, March 4, the authority said that terms and conditions (T&Cs) of Alkhabeer Diversified Income Traded Fund 2030’s offering can be obtained from the fund manager's and the CMA's websites, which contain all relevant information potential investors need to consider before making or refraining from an investment decision.

An investment decision without reading the T&Cs carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the T&Cs, which include detailed information on the fund strategy, objectives and risk factors. They help potential investors evaluate the viability of investing in the fund taking into consideration the associated risks.

If the T&Cs prove to be difficult to understand, it is recommended to consult an authorized financial advisor, the CMA added.

The market regulator’s approval of Alkhabeer Diversified Income Traded Fund 2030’s offering should not be considered as a recommendation to invest in it. It merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met, the statement indicated.