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King & Spalding Guides Alkhabeer Capital’s Fund Launch

Global law firm, King & Spalding, provided legal counsel to Alkhabeer Capital in the successful establishment of the Alkhabeer Diversified Income Traded Fund 2030, slated for listing on the Saudi Stock Exchange. The fund aims to raise SAR 300 million (approximately US$ 80 million). 

Operating in adherence to Shari’ah principles, the Alkhabeer Diversified Income Traded Fund 2030 is designed to deliver regular income and capital appreciation to investors through a diversified portfolio. This portfolio includes Sukuk, trade finance and leasing arrangements, structured products, and Murabaha transactions.

This milestone marks the third closed-ended fund established in Saudi Arabia and listed on the Saudi Stock Exchange. King & Spalding has been advising Alkhabeer Capital over recent years, facilitating the establishment of the Alkhabeer Diversified Income Traded Fund and Alkhabeer Growth and Income Traded Fund, both exclusive to the Saudi Stock Exchange.

Alkhabeer Capital acts as fund manager of the fund. Alkhabeer Capital is an asset manager based in Jeddah, Saudi Arabia specializing in Shari’ah compliant investment products.

The King & Spalding team advising Alkhabeer Capital on the fund establishment included partner James Stull (pictured), senior associate Sayf Shuqair, associate Meshaal Alyahya and law clerk Husam Alhmary

suzan.taha@lcpublishinggroup.it

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