AlKhair Capital Plus Sukuk Fund aims to achieve capital growth

AlKhair Capital Plus Sukuk Fund aims to achieve capital growth
Updated 01 September 2014

AlKhair Capital Plus Sukuk Fund aims to achieve capital growth

AlKhair Capital Plus Sukuk Fund aims to achieve capital growth

The AlKhair Capital Plus Sukuk Fund, launched on June 1 by AlKhair Capital Saudi Arabia, a major Saudi-based investment institution is an open-ended Shariah-compliant 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.
Investors will be able to invest with a minimum subscription of $ 10,000 at an initial NAV of $ 100 per unit.
“The fund aims to achieve mid- and long-term capital growth, as well as yielding revenues from investment income in a portfolio that encompasses income-generating investments and Shariah-compliant securities,” said Khalid Al-Mulhim, CEO of AlKhair Capital.
“The outlook for sukuk market is extremely positive amid 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, explaining that the company is working toward granting access to its channels and products to all investors.
AlKhair Capital Saudi Arabia was established in 2009 as a closed shareholding company, with a paid up capital of SR 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.
The company seeks to provide the market with an integrated and comprehensive range of Shariah-compliant investment products and services, with an emphasis on delivering exceptional value and tailored solutions to clients and shareholders.