Riyadh – Mubasher: The Saudi Exchange Company (Tadawul) has announced the formal suspension of trading for units of the Alkhabeer Growth and Income Traded Fund, effective from the start of the trading day on 18 June 2026.
The regulatory action follows the recent approval by the fund’s unitholders to proceed with the delisting of the entity as a listed closed-ended investment fund, according to a bourse filing.
The decision to suspend trading serves as a critical step in the administrative process required to remove the fund from the Tadawul’s Main Market.
Meanwhile, the move was initiated following a disclosure made by Alkhabeer Capital’s fund, Alkhabeer Growth and Income Traded Fund, on 15 June 2026, which confirmed that unitholders had formally approved the proposal to delist.
By granting this approval, the unitholders have cleared the way for the fund to transition from its current status as a publicly traded closed-ended investment vehicle.
According to the official statement from Tadawul, the suspension of trading is a necessary measure to facilitate the commencement of formal delisting procedures. During this period, the exchange will coordinate the technical and regulatory requirements to ensure that the removal of the fund’s units is conducted in accordance with the established market rules and capital market regulations of the Kingdom of Saudi Arabia.
The fund has historically operated as a closed-ended fund, a structure that typically offers investors exposure to a diversified portfolio of assets with a fixed capital base.
Meanwhile, the transition away from the exchange implies a shift in the fund's operational or legal framework, moving it out of the secondary market environment where its units were previously available for daily trading by the public.
As the suspension took effect on 18 June, all buy and sell activities for the fund's units on the Tadawul platform will cease. This ensures that the unitholder registry is stabilized as the Saudi Exchange and the fund manager finalize the remaining requirements for the delisting.
The procedure is standard for listed entities in the Saudi market that have received the necessary internal approvals to exit the public listing environment.
Tadawul, meanwhile, remains responsible for overseeing the orderly conduct of such transitions, ensuring that all market participants are informed of the timeline and the status of the securities involved. The suspension will remain in place until the delisting process is fully concluded, marking the end of the fund's tenure as a listed closed-ended investment fund on the national exchange.
This development highlights the procedural rigor applied to the Saudi capital markets when funds undergo significant structural changes following the direct mandate of their investors.
In May 2026, the Saudi Capital Market Authority (CMA) granted Alkhabeer Capital the approval to delist Alkhabeer Growth and Income Fund from Tadawul.
