CMA greenlights public offering of SNB Capital SAR Multi-Asset Growth Fund

Logo of SNB Capital

The Capital Market Authority (CMA) approved the request by SNB Capital to float units of SNB Capital SAR Multi-Asset Growth Fund in a public offering.

In a statement today, Feb. 1, the authority stated that an investment decision without reading the terms and conditions carefully or fully reviewing its content may involve high risk. Therefore, 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.

If the terms and conditions prove difficult to understand, it is recommended to refer to the fund manager for more information.

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