Saudi CMA nods to Arbah Capital’s fund IPO

Saudi CMA nods to Arbah Capital’s fund IPO
CMA warned that its approval should not be considered as a recommendation to subscribe in the fund

Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) on Tuesday announced its approval of Arbah Capital’s request to launch an initial public offering (IPO) for units in its Arbah GCC Diversified Trade Fund.

Investors should carefully read and study the terms and conditions of the fund, its investment strategy, and risk factors to be able to assess the feasibility and the associated risks, the CMA said in a statement.

“If the terms and conditions prove difficult to understand, it is recommended to refer to the fund manager for more information” the authority noted.

However, the CMA warned that its approval should not be considered as a recommendation to subscribe in the fund, as it merely means that the legal requirements have been met.

Source: Mubasher

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