Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority (CMA) has approved the public offering of King Saud University (KSU) Waqf Fund by SNB Capital, according to a disclosure by the Saudi Exchange (Tadawul).

KSU has endowments that aim to strengthen the university’s financial ability and its support to programmes and activities.

The university also aims to finance research and technology programmes through its endowments to serve humanity and supports economies of knowledge-based society.

Tadawul did not disclose further details about the public offering of the endowment fund.