CMA nods to Quran Kareem Associations Endowment Fund’s public offering

28/05/2023 Argaam
Logo ofCapital Market Authority (CMA)

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) greenlit Al Rajhi Capital’s request to float the units of Quran Kareem Associations Endowment Fund, according to a statement today, May 28.

 

An investment decision without reading the relevant terms and conditions (T&Cs) carefully or fully reviewing their content may involve high risk.

 

Therefore, investors should carefully read the T&Cs which include detailed information on the fund, investment strategy and risk factors. In addition, investors should carefully study the T&Cs to be able to assess the feasibility of taking into consideration the associated risks.

 

If the T&Cs prove difficult to understand, it is recommended to refer to the fund manager for more information.

 

The CMA's approval should never be considered as a recommendation to subscribe to the fund. The approval merely means that the legal requirements as per the Capital Market Law and its Executive Regulations have been met.

 

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