Alkhabeer Capital gets CMA’s nod to offer Alkhabeer Growth & Income Traded Fund

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) gave the go-ahead for Alkhabeer Capital to offer and register Alkhabeer Growth & Income Traded Fund units on the Saudi Exchange (Tadawul) as a closed-ended traded fund, according to the CMA’s website.

The fund’s terms and conditions (T&Cs) can be obtained from the fund manager's and the CMA’s websites, which contain all relevant information that 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, which include detailed information on Alkhabeer Growth & Income Traded Fund’s strategy, objectives and risk factors.

This will provide potential investors the ability to evaluate the viability of investing in the fund, while taking into consideration 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 should not be considered as a recommendation to invest in it. However, it merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.

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