CMA approves IPO of Shariah-compliant Riyad Opportunities Fund

10/05/2023 Argaam
Logo of Riyad Capital

Logo of Riyad Capital

The Capital Market Authority (CMA) approved today, May 10, an application by Riyad Bank to sell the units of Shariah-compliant Riyad Opportunities Fund in an initial public offering (IPO). 

 

Investors should study the fund terms and conditions before making any investment decisions and 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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