CMA approves offering Mazaya Murabaha Fund on Tadawul

Saudi Arabia’s Capital Market Authority (CMA) has approved Al Nefaie Investment Group’s request to offer Mazaya Murabaha Fund’s units on the Saudi Stock Exchange (Tadawul), the market regulator said in a statement on Thursday.

Investors should carefully read the terms and conditions which includes detailed information on the Fund, or refer to the fund manager for more information, the statement said.

CMA’s approval should never be considered as a recommendation, as it merely means that the fund has met the legal and regulatory requirements, it added.