CMA approves listing of Albilad Hong Kong China Equity ETF

The Capital Market Authority (CMA) approved Albilad Investment Co.’s request to offer Albilad CSOP MSCI Hong Kong China Equity ETF units on the Saudi Exchange (Tadawul) as an exchange traded fund (ETF).

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