AlKhair Capital Saudi Arabia, a leading Saudi-based investments institution, has launched the AlKhair Capital IPOs Fund which will invest mainly in primary markets in the region.

The fund aims at capital growth in the long term and investors will be able to invest with an initial minimum subscription of SR10,000 ($2,666). For the fund’s investment purposes, all companies will be compliant with AlKhair Capital Saudi Arabia's Sharia standards and guidelines, said a statement from the company.

The fund prospectus, terms, and conditions can be viewed and accessed through Tadawul website or on AlKhair Capital Saudi Arabia’s website. AlKhair is working towards granting access to its channels and products to all investors, it added.

Khalid Al-Mulhim, CEO of AlKhair Capital, said: “The fund is designed to achieve long-term capital growth, as well as achieving a performance that exceeds the guiding index performance (AlKhair Capital IPO Index); the fund’s first launch period is from 13-05-2015 (May 13, 2015) to 01-06-2015 (June 1, 2015).”

“The fund invests its assets mainly in primary markets, along with investing in recently-listed companies. These need to have been listed for less than three years in the secondary markets of Saudi Arabia, the GCC and Mena regions,” he said.

AlKhair Capital Saudi Arabia was established in 2009 as a closed joint stock company, with a paid up capital of SR300 million ($79.99 million).

The company seeks to provide the market with an integrated and comprehensive range of Sharia-compliant investment products and services, with an emphasis on delivering exceptional value and tailored solutions to clients and shareholders, it stated. – TradeArabia News Service