CMA approves public offering of Arbah Saudi Equity Fund

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved an application by Arbah Capital to float units of Arbah Saudi Equity Fund in a public offering, according to a website statement today, Nov. 3.

The regulator cautioned that making an investment decision without carefully reading the fund’s terms and conditions (T&Cs) or fully reviewing its contents may involve high risks.

It urged investors to read the T&Cs thoroughly, for containing detailed information about the fund, its investment strategy, and associated risk factors, to help assess the feasibility of investing.

Investors who find the T&Cs difficult to understand should contact the fund manager for clarification, the CMA added.

The authority stressed that its approval does not constitute a recommendation for offering subscription. It merely confirms the fund’s compliance with the legal requirements under the Capital Market Law and its implementing regulations.