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CMA approves public offering of GIB Fund

CMA approves public offering of GIB Fund
Investors should carefully read the Terms and Conditions

Riyadh – Mubasher: The Capital Market Authority (CMA) has approved the public offering of "GIB Capital" of "GIB Opportunistic MENA Equity Fund".

The authority noted that an Investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk, according to CMA’s recent statement.

“Therefore, 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 statement highlighted.

However, the authority’s approval of the fund should never be considered as a recommendation to subscribe in the fund, and it merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.