SAUDI ARABIA: The subscription for Alkhabeer Diversified Income Traded Fund 2030 is open until the 16th May 2024. The fund aims to offer 100 million units at an initial price of SAR10 (US$2.67) per unit with a target capital of SAR1 billion (US$266.67 million).
The fund targets an annual income of up to 8% for investors by investing in various income-generating assets, including Sukuk, trade finance, leasing, senior secured loans, structured income notes, income funds and Murabahah contracts.
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