CMA approves Health Associations Endowment Fund IPO

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The Capital Market Authority (CMA) approved Al Rajhi Capital's application to float units of Health Associations Endowment Fund, according to the CMA website.

An investment decision without reading the terms and conditions (T&Cs) carefully or fully reviewing their content may involve high risk.

Therefore, investors should carefully read the T&Cs, which include detailed information on the fund, investment strategy and risk factors, and carefully study them to be able to assess the feasibility of taking into consideration the associated risks.

If the T&Cs prove difficult to understand, it is recommended to refer to the fund manager for more information, the statement said.

It added that the CMA's approval of the fund’s offering should never be considered as a recommendation to subscribe to the fund. It merely means that the legal requirements as per the Capital Market Law and its Executive Regulations have been met.

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