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CMA OKs public offers of Samba Sovereign Sukuk Fund, Audi Income Fund

CMA OKs public offers of Samba Sovereign Sukuk Fund, Audi Income Fund
The approval of the fund should never be considered as a recommendation to subscribe to the fund.

Riyadh – Mubasher: The Capital Market Authority of Saudi Arabia (CMA) on Sunday announced that it has approved the public offer, by Audi Capital Company, of Audi Income Fund.

It has also nodded to SAMBA Capital and Investment Management Company’s offer of Samba Sovereign Sukuk Fund, according to the CMA’s statement 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 CMA said.

The Saudi government’s financial regulatory authority responsible for capital markets in the kingdom noted that the approval of the fund should never be considered as a recommendation to subscribe to the fund.

The approval means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.

“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,” the CMA highlighted.