CMA approves AlAhli Fund of REITs Fund offering

Saudi Arabia’s Capital Market Authority has approved NCB Capital’s offering of AlAhli Fund of REITs Fund.

Qualified investors are to conduct their own due diligence and hire an authorized financial advisor if necessary, the market regulator said in a statement on Wednesday.

The approval on the offering should never be considered as a recommendation to subscribe in the fund, as it merely means the fund has met the legal requirements, CMA added.