Albilad Gold Fund suspends the issuance of new units due to faltering trading on the Dubai Stock Exchange

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Albilad Gold Fund suspends the issuance of new units due to faltering trading on the Dubai Stock Exchange

Albilad Capital, in its capacity as manager of the Albilad Gold ETF, announced the receipt of a written notification from the Dubai Gold and Commodities Exchange (the reference market) stating that trading in spot gold contracts linked to the spot gold contract price index in effect on the Dubai Gold and Commodities Exchange (the benchmark index) has stalled.

According to the company’s statement on the website. "Saudi Arabia trading"The notice included that the market maker for the index was unable to carry out some of its activities related to the market making mechanism in the Dubai Gold and Commodities Market, and therefore the fund manager was unable to update the pricing of the fund’s assets at the present time. 02/27/2026 AD.

At the same time, the fund manager received a letter from the market maker of the Albilad Gold ETF, the text of which follows:

"In reference to the market making tasks associated with the Al Bilad gold trading ETF, we would like to note that in view of the current circumstances and the resulting developments that led to the faltering of trading in the spot gold contract price index in effect on the Dubai Gold and Commodities Exchange, and the inability of the market maker for the index to carry out some of its activities related to the market making mechanism.

And since market making for traded funds depends on the ability to access the reference markets linked to the underlying assets of the fund in order to carry out the operations of creating (creating) and redeeming units. The box. Therefore, it is not possible during this period to carry out the process of establishing (creating) new units for the fund and pumping them into the secondary market. Which may affect the market maker’s ability to carry out his duties optimally. The market maker confirms its commitment to the relevant regulations and instructions issued by the Capital Market Authority and the Saudi Stock Exchange Company (Tadawul)."

The fund manager noted his continuous follow-up of developments and coordination with the market maker and relevant parties, and the issuance of new units will resume as soon as the reasons that led to the faltering of trading in the reference market are removed. An announcement will be made once the fund’s activities in the primary market return to normal.