Albilad Gold ETF receives regulatory nod to list on Tadawul

17/02/2020 Argaam

 

The Capital Market Authority (CMA) approved AlBilad Investment Company’s request to offer "Albilad Gold ETF" units in an initial public offering (IPO) on the Saudi Stock Exchange (Tadawul) as an Exchange Traded Fund (ETF).

 

The fund terms can be obtained from AlBilad Investment and CMA’s websites, the market regulator said in a statement.

 

The authority noted that the approval should never be considered as a recommendation to subscribe to the fund.

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