AlKhair Capital Saudi Arabia launched the AlKhair Capital Plus Sukuk Fund, an open-ended, Shari’ah-compliant investment fund for investment in fixed income markets.
The fund is aimed at generating regular income as well as achieving capital appreciation by investing in globally-diversified fixed income securities. The initial launch was on 1 June 2014. Investors may invest with a minimum subscription of $10,000 at an initial NAV of $100 per unit.
“The fund aims at achieving mid- and long-term capital growth, as well as yielding revenues from investment income in a portfolio that encompasses income-generating investments and Sharia-compliant securities,” said Khalid Al-Mulhim, CEO of AlKhair Capital. “The outlook for Sukuk market is extremely positive amidst the current global macroeconomic uncertainty. The recently launched Sukuk issues have been heavily oversubscribed by regional and global investors reaffirming the appetite for good quality credit.”
“The fund prospectus and terms and conditions can be viewed and accessed through Tadawul website or on AlKhair Capital Saudi Arabia’s website,” added Al-Mulhim.
AlKhair Capital Saudi Arabia was established in 2009 as a closed shareholding company, with a paid up capital of SAR 300 million. It is licensed by the Capital Market Authority to execute transactions and offer investment fund management, client portfolios, arrangement and advisory services, with its headquarters located in Riyadh.
Originally published on www.cpifinancial.net