CMA approves IPO of Alinma Mosque Endowment Fund

10/07/2019 Argaam

 

Saudi Arabia’s Capital Market Authority (CMA) has approved a request from Alinma Investment Co. to sell the units of Alinma Mosque Endowment Fund in an initial public offering (IPO).

 

Investors should study the fund terms and conditions before making any investment decisions, and can seek advice from the fund manager, the Kingdom's market regulator said in a statement on Wednesday. 

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