Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority (CMA) has approved Al-Bilad Investment Company’s request to offer and register Al-Bilad Saudi Sovereign Sukuk ETF units on the Saudi Stock Exchange (Tadawul) as an exchange-traded fund.

Investors can read the terms and conditions of Al-Bilad Saudi Sovereign Sukuk ETF at the website of the fund’s manager and the CMA's website, according to a bourse statement released on Wednesday.

The CMA warned that the investment in the fund without reading the terms and conditions may involve high risk.

“The CMA’s approval of Al-Bilad Saudi Sovereign Sukuk ETF should not be considered as a recommendation to invest in it, [but]…merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met,” the statement said.