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The Capital Market Authority (CMA) approved Derayah Financial Co.’s request to offer units in the Derayah Nomu Market Fund to the public, the regulator said in a statement today, March 12.
The CMA warned investors against making investment decisions without carefully reviewing the fund’s terms and conditions (T&Cs) and fully understanding the associated risks.
The market watchdog urged investors to read the T&Cs thoroughly, as they provide detailed information on the fund, its investment strategy, and potential risk factors. A comprehensive review will help investors assess the feasibility of the investment while considering its risks, the CMA added.
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If investors find the T&Cs difficult to understand, they should consult the fund manager for clarification, the statement said.
The CMA emphasized that its approval does not constitute a recommendation to subscribe to the offering but rather confirms that the fund has met the regulatory requirements outlined in the Capital Market Law and its Executive Regulations.
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