The Capital Market Authority (CMA) approved a request from AlJazira Capital Co. to sell the units of AlJazira Sukuk Fund in an initial public offering (IPO), the market regulator said in a statement on Sunday.

 

Investors should study the fund terms and conditions before making any investment decisions, and can seek advice from the fund manager, it added.

 

The CMA’s approval of the fund should not be considered as a recommendation to subscribe in the fund.

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