Yaqeen Capital gets CMA’s nod to offer Saudi Equity Growth Traded Fund

17/01/2023 Argaam
Logo ofCapital Market Authority

Logo of Capital Market Authority

The Capital Market Authority (CMA) approved today, Jan. 17, the application received from Yaqeen Capital Co., to offer and register Saudi Equity Growth Traded Fund units on Nomu-Parallel Market as a closed-ended traded fund.

 

The offering will be confined to qualified investors stipulated in the glossary of defined terms used in CMA's regulations and rules, according to a statement.

 

CMA also noted that its approval of the fund should never be considered as a recommendation to invest in it, as it merely means that the legal requirements as per the Capital Market Law and its implementing regulations have been met.

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