Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has approved the request of Al Bilad Investment Company to sell the units of “Albilad Al-Ameen Capital Protection Fund” via an initial public offering (IPO).

The fund is fully owned by Al Bilad Investment, according to the CMA’s recent statement.

The Kingdom's market regulator noted that investors should carefully read the Terms and Conditions, which include detailed information on the Fund, investment strategy, and risk factors.

“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 CMA said.