CMA approves IPO of GIB Saudi Equity Fund

CMA approves IPO of GIB Saudi Equity Fund
The CMA’s approval of the fund should never be considered as a recommendation to subscribe in the fund

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved GIB Capital’s request to implement an initial public offering (IPO) of GIB Saudi Equity Fund.

“Investors should carefully read the Terms and Conditions which includes detailed information on the Fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks,” according to the CMA’s statement.

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

Related topics
Source: Mubasher

Comments