With opening of Saudi markets, AlKhair Capital launches IPO fund | GulfNews.com:
"With an eye on the opening of Saudi markets for foreigners, AlKhair Capital said on Sunday it has launched an IPOs fund.
The fund will invests its assets mainly in primary markets, along with investing in recently-listed companies. These need to have been listed for less than three years in the secondary markets of KSA, the GCC and Mena regions.
“The fund is designed to achieve long-term capital growth, as well as achieving a performance that exceeds the guiding index performance,” Khalid Al Mulhim, Chief Executive Officer of AlKhair Capital said in a statement."
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