CMA approves IPO of ANB Capital Digital & IT Equity Fund

02/10/2023 Argaam
Logo ofANB Capital

Logo of ANB Capital

The Capital Market Authority (CMA) gave the go-ahead for ANB Capital to float units of Shariah-compliant ANB Capital Digital & IT Equity Fund in a public offering, the market regulator said in a statement today, Oct. 2.

 

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 the T&Cs that include detailed information on the fund, investment strategy and risk factors. They should carefully study them to be able to assess the feasibility of taking into consideration the associated risks.

 

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 Executive Regulations have been met.

 

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