CMA approves Al Rajhi Endowment Fund’s public offering

Logo of Al Rajhi Capital

The Capital Market Authority (CMA) gave the go-ahead for Al Rajhi Capital's application to float units of Al Rajhi Endowment Fund in a public offering, according to the market regulator's website today, Aug. 5.

An investment decision without reading the terms and conditions (T&Cs) carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the T&Cs, which include detailed information on the fund, investment strategy, and risk factors.

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If the T&Cs prove difficult to understand, it is recommended to refer to the fund manager for more information.

The CMA stressed that its approval should never be considered as a recommendation to subscribe to the fund and merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.