Saudi CMA approves public offering of Jadwa's Nafaqah Waqf Fund

Jadwa Investment is a Saudi closed joint-stock company headquartered in Riyadh

  
Saudi traders monitor stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020.

Saudi traders monitor stock information at the Saudi stock market in Riyadh, Saudi Arabia August 25, 2020.

REUTERS/Ahmed Yosri

Riyadh –  The Saudi Capital Market Authority (CMA) approved Jadwa Investment Company’s request to publicly offer the Nafaqah Waqf Fund.

The CMA stressed that this approval should not be considered as a recommendation to subscribe in the fund as it merely means that the legal requirements have been met, according to a statement on Monday.

Jadwa Investment is a Saudi closed joint-stock company headquartered in Riyadh. It offers various investment services that support both individuals as well as corporate financial goals. The firm has a proven track record in asset management, financial advisory, mergers and acquisitions, and researched brokerage.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

More From Markets