Yaqeen S&P ESG MENA ETF gets CMA approval on public offering

Logo of Yaqeen Capital Co.

Yaqeen S&P ESG MENA ETF obtained the Capital Market Authority’s (CMA) approval on floating its units on the Saudi market as an exchange traded fund, the authority said in a statement.

The fund’s terms and conditions (T&Cs) can be obtained from the fund manager and the CMA's websites, which contain all relevant information investors need to consider before making or refraining from an investment decision.

An investment decision without reading the T&Cs carefully or fully reviewing their content may involve high risk. Therefore, investors should carefully read the T&Cs that include detailed information of the fund's investment strategy, objectives and risk factors.

This helps potential investors evaluate the viability of investing in the fund, considering the associated risks. If the T&Cs prove to be difficult to understand, it is recommended to consult an authorized financial advisor.

The CMA's approval of the fund should never be considered as a recommendation for investment. It merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.