CMA OKs public offering of Ashmore Saudi Sharia Equity Fund

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved Ashmore Investment Saudi Arabia’s request to float units of Ashmore Saudi Sharia Equity Fund.

An investment decision without reading the terms and conditions (T&Cs) carefully or fully reviewing their content may involve high risks. Therefore, investors should carefully read the T&Cs, which include detailed information on the fund, investment strategy, and risk factors. They help potential investors evaluate the viability of investing in the fund while taking into consideration the associated risks, the CMA said in a statement.

If the T&Cs prove to be difficult to understand, it is recommended to consult an authorized financial advisor, the CMA added.

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The market regulator’s approval should not be considered as a recommendation to invest in the fund. It merely means that the legal requirements as per the Capital Market Law and its executive regulations have been met, the statement indicated.