CMA OKs public offering of Quencia Saudi Equity Fund

The Capital Market Authority (CMA) approved Quencia Capital Co.’s request to float units of Quencia Saudi Equity Fund in a public offering.

An investment decision without reading the terms and conditions (T&Cs) carefully or fully reviewing its content may involve high risks, the CMA said in a statement.

Therefore, investors should carefully read the T&Cs, which include detailed information on the fund, investment strategy, and the associated risk factors.

If the T&Cs prove difficult to understand, it is recommended to consult an authorized financial advisor, the CMA added.

The market regulator’s approval of the fund’s offering should not be considered as an investment recommendation.

The go-ahead merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met, the statement indicated.