The Capital Market Authority (CMA) approved a request from Samba Capital & Investment Management Co. to sell the units of Samba Corporates Sukuk Fund in an initial public offering (IPO), the market regulator said in a statement on Thursday.

 

Investors should study the fund terms and conditions before making any investment decisions, and can seek advice from the fund manager, it added.

 

The CMA’s approval of the fund should not be considered as a recommendation to subscribe in the fund.

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