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Saudi Arabia’s Capital Market Authority (CMA) has approved the delisting of Alkhabeer Growth & Income Traded Fund, a closed-ended investment fund managed by Alkhabeer Capital. The decision follows a recommendation from the fund’s board in December 2025 to convert it into an open-ended public investment fund. The CMA clarified that its approval is solely to confirm compliance with regulatory requirements and does not imply endorsement of the fund’s investment viability. The fund manager will now set a timetable for delisting, with trading suspended pending unitholder approval. Once delisted, investors will be able to redeem units at the fund’s net asset value (NAV).
This regulatory action highlights the CMA’s role in overseeing fund structure changes and ensuring transparency for investors. For traders, the delisting could impact liquidity in the Saudi equity market, particularly for closed-ended funds seeking conversion to open-ended structures. The move also reflects broader trends in Saudi Arabia’s capital market, where regulatory reforms aim to enhance investor flexibility and market efficiency. Investors should monitor the fund’s NAV and the timeline for delisting to assess potential implications for their portfolios.
The conversion to an open-ended fund may attract new investors seeking easier access to redemption and NAV-based pricing. However, existing unitholders must carefully evaluate the risks associated with the transition. Market participants should watch for updates from the CMA and Alkhabeer Capital regarding the delisting process, as well as any subsequent regulatory changes affecting similar funds in the Saudi market.
