CMA approves public offering of Al Rajhi MSCI Saudi Equity Dividends ETF

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved today, July 6, Al Rajhi Capital’s request to offer units of the Al Rajhi MSCI Saudi Equity Dividends ETF to the public as an exchange-traded index fund.

The CMA clarified that its approval does not constitute an endorsement of the fund’s investment merits, but rather confirms compliance with the regulatory requirements under the Capital Market Law and its implementing regulations.

The authority warned that making an investment decision without reviewing and understanding the fund’s terms and conditions may involve significant risks.

It stressed the importance of carefully reviewing these documents, which provide detailed information on the fund’s objectives, investment strategy, and associated risk factors, enabling investors to assess the investment’s suitability.