IslamicFinance.de

Alkhabeer Capital, an asset management and investment firm in Saudi Arabia, has announced the launch of Alkhabeer IPO Fund. The Alkhabeer IPO Fund is a Sharia Compliant, Open-Ended Investment Fund targeting IPOs and newly listed companies in Saudi Arabia during their first three years on the market. The fund may also invests part of its assets in the same at other GCC capital markets. Ahmed Saud Ghouth, Deputy Chief Executive Officer of Alkhabeer Capital, commented that year-on-year the firm has reported increases in assets under management and has assessed the IPO performance of securities in the GCC, which have seen improvements in the money raised over 2015.