Logo of Alkhabeer Growth and Income Traded Fund
Alkhabeer Capital, the fund manager of Alkhabeer Growth & Income Traded Fund, announced the repurchase of the fund’s units entailed under the third phase of its buyback plan, during the period from Sept. 20, 2023, to April 16, 2024, as follows:
|
Details of Third Phase Buyback |
|
|
No. of Repurchased Units |
5.05 mln |
|
Average Unit Price |
SAR 8.58 |
|
Value |
SAR 43.35 mln |
|
Total Units Repurchased Thus Far |
28.35 mln |
|
Total Units to be Repurchased |
50 mln |
The company will coordinate with the Securities Depository Center Co. (Edaa) to complete the process of writing off the repurchased units, following the completion of the buyback process or the end of the 12-month period from the date of approval of the fund’s unitholders, it said in a statement to Tadawul today, April 17.
In July 2023, unitholders of Alkhabeer Growth & Income Traded Fund approved a special resolution to repurchase a maximum of 50% of total units to be written off, according to data compiled by Argaam.
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