Mulkia Investment makes Mulkia Murabaha's IPO details public

Logo of Mulkia Investment Co.

Mulkia Investment Co. said that Mulkia Murabaha and Saving Fund is a public open-ended fund managed by the company. It aims to preserve capital, provide liquidity, and achieve short-term capital growth.

According to a statement on Tadawul, Mulkia Murabaha Fund is a means of saving for multiple categories of investors, who want to save short-term in exchange for obtaining returns by investing in capital market deals, debt instruments, derivatives contracts, bank deposits, money market fund units, and fixed-income debt instrument fund units that comply with the fund’s Shariah standards.

The company will receive returns on management fees estimated at 0.5% annually of the fund’s net asset value (NAV), starting from the fund’s launch date.

On March 7, Mulkia Murabaha Fund obtained the Capital Market Authority’s (CMA) approval to float its units on the Saudi market, according to data available on Argaam.