Alkhabeer Capital launches IPO fund

Dubai: Alkhabeer Capital, the asset management and investment firm based in Saudi Arabia, has announced the launch of its IPO Fund.

The IPO Fund will target IPOs and newly listed companies in Saudi Arabia during their first three years on the market.

The fund also plans to invest part of its assets in the same sector in other GCC capital markets.

“The Alkhabeer IPO fund is an extension of our commitment to providing our clients a wide range of innovative investment products to meet their portfolio diversification objectives. The Fund is a strategic addition to our existing line-up of products,” Ahmed Saud Ghouth, Deputy Chief Executive Officer of Alkhabeer Capital said in a statement.