CMA approves listing of ALBILAD Saudi Sovereign Sukuk ETF on Tadawul

The Capital Market Authority has approved AlBilad Investment Co.’s request to offer and register ‘ALBILAD Saudi Sovereign Sukuk ETF'’ units on Tadawul as Exchange Traded Fund (ETF).

The authority said in a statement that the terms and conditions (T&Cs) of ALBILAD Saudi Sovereign Sukuk ETF can be obtained from the fund manager’s website and the CMA website.

It will contain all relevant information that the investor will need to consider before making (or refraining from) an investment decision, the statement said.

“The T&Cs will provide potential investors the ability to evaluate the viability of investing in ALBILAD Saudi Sovereign Sukuk ETF, taking into consideration the associated risks. And in case of any difficulty, it is recommended to consult an authorized financial advisor,” the statement added.