Alinma Investment receives regulatory nod for ETF Fund

The Capital Market Authority (CMA) approved Alinma Investment Company’s request to float the units of Alinma Saudi Government Sukuk ETF Fund - Short Maturity in an initial public offering (IPO) on the Saudi Stock Exchange (Tadawul) as an Exchange Traded Fund.

The fund terms can be obtained from Alinma Investment and CMA’s websites, the market regulator said in a statement.

The authority noted that the approval should never be considered as a recommendation to subscribe to the fund.