| Element List | Explanation |
|---|---|
| Introduction | Alkhabeer Capital announces the results of the meeting of the unitholders of Alkhabeer Growth and Income Traded Fund (the First Meeting), which was held via modern technology means at 6:00 p.m. on Sunday, 28 Dhul-Hijjah 1447H, corresponding to 14 June 2026G. The meeting was attended by (25,510,521) unitholders representing (39.937%) of the Fund’s unit value. The voting results were as follows: |
| Date of the Unitholders Meeting | 2026-06-14 Corresponding to 1447-12-28 |
| The Results of the Meeting | 1- Approval of the resolution to delist Alkhabeer Growth and Income Traded Fund as a listed closed-ended investment fund and convert it into an open-ended public investment fund. 2- Approval of the proposed fundamental amendments to the Fund’s Terms and Conditions (attached). |
| Additional Information | Alkhabeer Capital also announces that trading of the Fund’s units will be suspended effective 18 June 2026, and the Fund will be delisted on 25 June 2026, in accordance with the implementation timetable for the Fund’s delisting plan previously announced. Alkhabeer Capital urges unitholders to initiate the process of opening an investment account with the Company to facilitate dealing with the Fund following its delisting, through the following link: https://www.alkhabeer.com/ |
| Attached Documents | Attached Documents |
Announcement by Alkhabeer Capital regarding the results of the meeting of the Unitholders of Alkhabeer Growth and Income Traded Fund ( First Meeting )
AI Summary
- Alkhabeer Capital has proposed converting the Alkhabeer Growth & Income Traded Fund from a closed-ended traded fund to an open-ended public investment fund, which includes delisting the fund from the Saudi Exchange (Tadawul).
- The transition, projected for May 21, 2026, will change the fund’s name to "Alkhabeer Growth & Income Fund" and remove its fixed 99-year term to become a fund with no specified duration.
- Subscription fees are proposed to be reduced from 2.0% to a maximum of 1.0%, and the investment limit in unlisted companies and private equity will be capped at 10% of net asset value, down from 25%.
- New dealing and valuation cycles will be established, with dealing days set for Sundays and Tuesdays and valuation days on Mondays and Wednesdays, replacing the current daily market trading system.
Attachments
