CMA approves public offering of GIB Opportunistic MENA Equity Fund

20/10/2019 Argaam

 

Saudi Arabia’s Capital Market Authority (CMA) has approved GIB Capital‘s public offering of GIB Opportunistic MENA Equity Fund.

 

“An investment decision without reading the terms and conditions carefully or fully reviewing its content may involve high risk,” CMA said in a statement.

 

“Therefore, investors should carefully read the terms and conditions which includes detailed information on the fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks,” the statement further added.

 

It also noted that if the terms and conditions prove difficult to understand, it is recommended to refer to the fund manager for more information.

 

The CMA's approval of the fund merely means that the legal requirements as per the Capital Market Law and its implementing regulations have been met.

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