Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has issued a resolution approving a request from Alkhabeer Capital to delist Alkhabeer Growth and Income Fund from the Saudi Exchange (Tadawul), according to an official statement.
The decision marks the commencement of a formal transition for the fund, which remains subject to final approval from its unitholders before the cessation of public trading.
The CMA reviewed and accepted the proposal submitted by Alkhabeer Capital, which acts in its capacity as the Fund Manager and is now tasked with the preparation and publication of a comprehensive timetable.
Once the unitholders grant their approval, the fund’s units will be formally suspended from trading on Tadawul. This suspension serves as a precursor to the final delisting, effectively ending the fund’s status as a publicly traded investment vehicle.
The CMA clarified that the approval should not be interpreted as a recommendation to invest in the fund or as an assessment of the fund’s financial performance or future outlook.
The regulator further highlighted that any investment decision made without a thorough review of the fund’s Terms and Conditions (T&Cs) carries a high level of risk. Investors are strongly encouraged to examine these documents, which contain detailed disclosures on the fund’s investment strategy, operational objectives, and specific risk factors.
