Arab News, Monday, Jan 18, 2021 | Jamadi Al Thani 5, 1442
Alkhabeer Income Fund to debut on Tadawul on Jan. 19
Saudi Arabia: 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.