CMA greenlights Takaful Endowment Fund IPO

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved Al Rajhi Capital's request to float units of Takaful Endowment Fund, according to the CMA website.

An investment decision without reading the terms and conditions (T&Cs) carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the T&Cs that include detailed information on the fund, investment strategy and risk factors. In addition, investors should 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 CMA's approval of the fund 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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