CMA green lights IPO of Al Rajhi Monthly Distribution Fund

04/08/2022 Argaam

The Capital Market Authority (CMA) approved today, Aug. 4, the public offering by Al Rajhi Capital of Al Rajhi Monthly Distribution Fund, according to a statement.
 

The regulator noted that investors should carefully read the terms and conditions which includes detailed information on the fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks.
 

CMA also stated that its approval of the fund should never be considered as a recommendation to subscribe to it, as its approval merely means that the legal requirements as per the Capital Market Law and its implementing regulations have been met.​

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