Riyadh –  Al Rajhi Capital on Tuesday said that the Capital Market Authority (CMA) approved its request to implement an initial public offering (IPO) for its newly-launched Al Rajhi MSCI Saudi Multi Factor Index Fund in the next period.

“An investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk,” the CMA’s statement indicated.

The statement further noted that the CMA’s approval should never be considered as a recommendation to subscribe in the IPO, but it means that the fund achieved the legal requirements as per the authority’s laws.

Source: Mubasher

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