CMA approves public offering by AlBilad Investment Company

The Capital Market Authority (CMA) has passed a resolution approving the public offer by AlBilad Investment Company of Albilad Murabah Fund.

“The decision to invest in the fund without reading the terms and conditions or full reviewing its contents may involve high risk. Therefore investors should carefully read the terms and conditions, including the detailed information of the fund, investment strategy, and the risk factors to be able to assess the feasibility,” read the statement on Tadawul.

It further noted: “The CMA’s approval of the fund means that the legal requirements as per the Capital Market Law and its implementing regulations have been met.”