Albilad Freestyle Saudi Equity Fund gets CMA nod on Tadawul IPO

Logo of the Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved today, Dec. 26, the application submitted by Albilad Freestyle Saudi Equity Fund to list and offer its shares on the Saudi Exchange (Tadawul).

An investment decision without reading the terms and conditions (T&Cs) carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read these instructions, which include detailed information on the fund, investment strategy and risk factors, and thoroughly study it to be able to assess the feasibility of taking into consideration the associated risks, the market regulator said in a statement today, Dec. 29.

If the T&Cs prove difficult to understand, it is recommended to refer to the fund manager for more information.

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

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