Tadawul Suspends Alkhabeer Fund Units Ahead of June 2026 Delisting

The Saudi Exchange suspended trading in units of the Alkhabeer Growth and Income Traded Fund on June 18, the exchange said. The halt is the first step toward delisting the fund, which is scheduled for June 25, 2026.

The fund, managed by Alkhabeer Capital, invests in a portfolio of growth and income securities. Tadawul rules require a trading suspension before a delisting to allow for final valuation and settlement. Unit holders can sell their positions on the exchange until the suspension date. After that, they must wait for the delisting process to complete and receive proceeds based on the fund's net asset value at liquidation.

The one-year gap between suspension and delisting is unusual. Most fund delistings on Tadawul conclude within weeks or months. The extended timeline may reflect the fund's underlying asset liquidity or a structured wind-down plan. The exchange did not provide further details on the reason for the delay.

For unit holders, the key decision is whether to sell before the suspension or hold through the delisting. Selling on the exchange before June 18 locks in the market price, which may trade at a discount or premium to net asset value. Holding through delisting means receiving the final NAV distribution. Unit holders will have no ability to trade during the interim. The fund's last traded price and NAV were not immediately available.

The delisting removes the fund from Tadawul's list of traded funds. The exchange currently lists over a dozen ETFs and traded funds. The Alkhabeer fund's exit reduces the options for income-focused investors on the Saudi market. No other funds have announced similar plans.