SAUDI ARABIA: Retail investments into the Alkhabeer Diversified Income Traded Fund 2030 IPO are open until the 16th May 2024, with a minimum subscription of SAR1,000 (US$266) per unit. The total offering of 100 million units, priced at SAR10 (US$2.66) each, aims to raise up to SAR1 billion (US$266.44 million) and is to be invested in various income-generating assets such as Sukuk, trade finance, leasing, senior secured loans, structured income notes, income funds and Murabahah. Alkhabeer Capital said the fund aims to distribute periodic returns of up to 8% annually.
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