CMA greenlights Islamic University of Madinah Endowment Fund's public offering

The Capital Market Authority (CMA) approved today, Feb. 25, Alinma Investment Co.'s request to float and list units of Islamic University of Madinah Endowment Fund in a public offering.

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's investment strategy, objectives and risk factors.

This helps potential investors evaluate the viability of investing in the fund, taking into consideration the associated risks. If the T&Cs prove to be difficult to understand, it is recommended to consult an authorized financial advisor.

The CMA's approval of the fund should never be considered as an investment recommendation. It merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.