CMA approves Derayah Nomu Market Fund’s public offering

Logo of Derayah Financial

The Capital Market Authority (CMA) approved Derayah Financial Co.’s request to offer units in the Derayah Nomu Market Fund to the public, the regulator said in a statement today, March 12.

The CMA warned investors against making investment decisions without carefully reviewing the fund’s terms and conditions (T&Cs) and fully understanding the associated risks.

The market watchdog urged investors to read the T&Cs thoroughly, as they provide detailed information on the fund, its investment strategy, and potential risk factors. A comprehensive review will help investors assess the feasibility of the investment while considering its risks, the CMA added.

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If investors find the T&Cs difficult to understand, they should consult the fund manager for clarification, the statement said.

The CMA emphasized that its approval does not constitute a recommendation to subscribe to the offering but rather confirms that the fund has met the regulatory requirements outlined in the Capital Market Law and its Executive Regulations.