15/08/2016
Al Rajhi Capital, one of the leading asset managers in the Kingdom of Saudi Arabia has announced the launch of Al Rajhi IPO fund. The open-ended fund will primarily invest in IPO opportunities in the Kingdom of Saudi Arabia with an aim to provide capital appreciation for the fund investors in the medium to long term. The initial launch period of the fund will be from 16 August 2015 to 10 September 2015, and investors can invest with a minimum initial subscription amount of SAR 5,000. The fund will have bi-weekly valuations.
Investors in the Al Rajhi IPO Fund can expect to benefit from the strong pipeline of potential initial public offerings in the Kingdom. Investments in well-researched IPOs present an attractive opportunity for both institutional and retail investors. As investor appetite remains high for participating in IPO’s, the fund provides an ideal access to this investment opportunity.
Apart from the IPOs, the fund can also invest in secondary markets through rights issues, rump offerings - rights issue, and recently listed companies during their first three years of listing.
Al Rajhi Capital manages more than SAR 30 billion in money market, equity, multi asset class, and real estate solutions. To subscribe to the new Al Rajhi IPO Fund, investors can visit one of Al Rajhi Capital’s investment centers across the Kingdom or visit the company’s website for more information about the fund and its Terms and Conditions.