CMA approves public offering of GIB Saudi Small & Mid-Cap Equity Fund

The Capital Market Authority (CMA) approved GIB Capital Co.'s request to offer GIB Saudi Small and Mid-Cap Equity Fund’s units on the Saudi Exchange (Tadawul).

An investment decision without reading the T&Cs carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the T&Cs, which include detailed information on the fund strategy, objectives and risk factors. They help potential investors evaluate the viability of investing in the fund taking into consideration the associated 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 of GIB Saudi Small and Mid-Cap Equity Fund’s offering should not be considered as a recommendation to invest in it. It merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met, the statement indicated.