CMA OKs public offering of Albilad Saudi Equity Performance linked Capital Protection Fund

The Capital Market Authority (CMA) approved Albilad Investment’s request to float units of Albilad Saudi Equity Performance linked Capital Protection Fund in a public offering, according to a statement today, Oct. 29.

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.