CMA OKs public offering of Algorithm Enhanced Saudi Equity Trading Fund

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved the application received from Saudi Fransi Capital Co. for the public offering of Algorithm Enhanced Saudi Equity Trading Fund.

An investment decision without thoroughly reading the terms and conditions (T&Cs) or fully reviewing the contents may involve significant risk.

The CMA advised that was essential to carefully read the T&Cs, which contain detailed information about the fund, its investment strategy, and associated risk factors. This will help investors assess the feasibility of the investment in light of the risks involved.

If the T&Cs are difficult to understand, the authority recommends consulting the fund manager for further clarification.

The CMA’s approval of the fund’s offering should not be interpreted as a recommendation to subscribe. It merely means that the legal requirements under the Capital Market Law and its Implementing Regulations have been met.