SAUDI ARABIA: Alkhabeer Capital has announced its intention to buy back up to 20% of the initial outstanding units of Alkhabeer Growth and Income Traded Fund, after receiving approval from the fund’s board on the 18th July 2024. The board also approved the dividend distribution policy and the appointment of a market maker for the fund, pending unitholders’ approval and the Capital Market Authority’s approval. The buyback is intended to cancel up to 20 million ordinary units.
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