CMA approves IPO of Riyad Opportunities Fund

24/10/2021 Argaam

Logo of the Capital Market Authority

The Capital Market Authority (CMA) approved today, Oct. 24, a request by Riyad Capital Co. to sell Riyad Opportunities Fund units in an initial public offering (IPO).

 

Investors should study the fund terms and conditions before making any investment decisions and can seek advice from the fund manager, the market regulator said.

 

The CMA's approval of the fund should not be considered as a recommendation to subscribe to the fund, as it merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.

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