CMA approves public offering of TAM Freestyle Saudi Equity Fund

The CMA approved public offering of TAM Freestyle Saudi Equity Fund

The Capital Market Authority (CMA) approved an application by TAM Capital to offer units of the TAM Freestyle Saudi Equity Fund to the public.

The regulator cautioned that making an investment decision without carefully reading the fund’s terms and conditions (T&Cs) or fully reviewing its contents may involve high risks.

It urged investors to read the T&Cs thoroughly, as they contain detailed information about the fund, its investment strategy, and associated risk factors, to help assess the feasibility of investing.

Investors who find the T&Cs difficult to understand should contact the fund manager for clarification, the CMA added.

The authority stressed that its approval does not constitute a recommendation to subscribe, but confirms that the fund meets legal requirements under the Capital Market Law and its implementing regulations.