Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved Jadwa Investment Company’s request to publicly offer the Nafaqah Waqf Fund.

The CMA stressed that this approval should not be considered as a recommendation to subscribe in the fund as it merely means that the legal requirements have been met, according to a statement on Monday.

Jadwa Investment is a Saudi closed joint-stock company headquartered in Riyadh. It offers various investment services that support both individuals as well as corporate financial goals. The firm has a proven track record in asset management, financial advisory, mergers and acquisitions, and researched brokerage.