CMA approves IPO of Al Rajhi MSCI Saudi fund

04/12/2018 Argaam

 

Saudi Arabia’s Capital Market Authority (CMA) on Tuesday approved a request from Al Rajhi Capital to sell the units of Al Rajhi MSCI Saudi Multi Factor Index Fund in an initial public offering (IPO).

 

Investors should study the fund’s terms and conditions before making any investment decisions, and can seek advice from the fund manager, the Kingdom's market regulator said in a statement.   

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