CMA OKs public offering of Riyad SAR Liquidity Fund

The Capital Market Authority (CMA) approved Riyad Capital’s request to float units of Riyad SAR Liquidity Fund in a public offering, according to a statement today, Oct. 10.

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

If the T&Cs prove to be difficult to understand, it is recommended to consult an authorized financial advisor, the CMA added.

The market regulator’s approval should not be considered as a recommendation to invest in the fund. It merely means that the legal requirements as per the Capital Market Law and its executive regulations have been met, the statement indicated.