CMA green lights offering of Orphans Associations Endowment Fund

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

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved the request received from Al Rajhi Capital for the public offering of Orphans Associations Endowment Fund, according to a statement today, May 28.

 

An investment decision without reading the 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, and carefully study them 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 statement said.

 

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

 

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