Riyadh - Mubasher: Alkhabeer Growth and Income Traded Fund, a Sharia-compliant closed-ended public equity investment fund, has started its initial public offering (IPO) on Sunday, 13 March 2022.

The IPO has a 15-business day subscription period, ending on Thursday, 31 March 2022, according to a recent bourse filing.

Regulated by the Capital Market Authority (CMA), the fund seeks to raise its net asset value by generating current income to investors through dividend distributions of the companies in which the Fund invests.

Investors will subscribe to the fund at the offer price of SAR 10 per unit.