Riyadh – Mubasher: The Saudi Capital Markets Authority (CMA) has approved AlJazira Capital Company’s request to implement an initial public offering (IPO) for AlJazira USD Murabaha Fund in the coming period.

This is the second IPO for a fund during 2019, according to the CMA’s statement on Tuesday to the Saudi Stock Exchange (Tadawul).

“An Investment decision without reading the terms and conditions carefully or fully reviewing its content may involve high risk,” the statement added.

The Saudi body further noted that its approval for the fund’s IPO should never be considered as a recommendation to subscribe in the fund.