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The Capital Market Authority (CMA) approved Saudi Economic and Development Securities Co.'s request to offer SEDCO Capital Multi-Asset Traded Fund’s units on the Saudi Exchange (Tadawul) as a close-ended traded investment fund.
According to the CMA, the terms and conditions (T&Cs) of the SEDCO Capital Multi-Asset can be accessed on both the fund manager's and CMA's websites, providing all relevant information for investors to review before making investment decisions.
The CMA stressed that failing to review the T&Cs and understand their contents before making investment decisions could pose significant risks. Investors are strongly advised to carefully examine the T&Cs, which include detailed information about the fund's objectives, strategy, and risk factors.
Thoroughly assessing this information is crucial for evaluating the viability of investing in the fund considering the associated risks. If investors find the contents of the T&Cs unclear, it is recommended that they seek guidance from a licensed financial advisor, CMA stated.
Furthermore, the CMA emphasized that its approval of offering units of the SEDCO Capital Multi-Asset on Tadawul as units of a closed-ended traded investment fund should not be interpreted as an endorsement of the investment's feasibility.
The approval only indicates compliance with legal requirements under the Capital Market Law and its Implementing Regulations.
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