Alkhabeer Income Fund to debut on Tadawul on Jan. 19

Alkhabeer Diversified Income Traded Fund shares will be traded with the symbol 4700


The Saudi Stock Exchange (Tadawul) announced that Alkhabeer Diversified Income Traded Fund will be listed as a closed-ended investment traded fund on the main market, and units will begin trading on Tuesday, Jan. 19, 2021, according to a bourse filing.

Units will trade with the symbol 4700, a daily price fluctuation limit of +/- 30 percent and static price fluctuation limit of +/- 10 percent.

These fluctuation limits will be applied during the first three days of trading, and they will revert to +/- 10 percent on the fourth day, while the static price fluctuation limits will no longer apply.

The fund attracted more than 89,000 subscribers, with net subscription value of SR472.8 million ($126.08 million), during the IPO period of 15 business days, which ended on Dec. 24, 2020.

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