CMA approves Dinar Saudi Equity Fund IPO

The Capital Market Authority (CMA) gave the green light for Dinar Investment Co. to float units of Dinar Saudi Equity Fund, according to the market regulator's website.

An investment decision without reading the terms and conditions (T&Cs) carefully or fully reviewing their 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. In addition, 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 should never be considered as a recommendation to subscribe to the fund. It merely means that the legal requirements as per the Capital Market Law and its implementing regulations were met.