CMA OKs public offering of SEDCO Capital Global Technology Equity Feeder Fund

Logo of the Saudi Economic and Development Securities Co. (SEDCO Capital) 

The Capital Market Authority (CMA) issued its resolution approving SEDCO Capital’s request to publicly offer units of SEDCO Capital Global Technology Equity Feeder Fund.

In a statement today, Nov. 19, the CMA explained that an investment decision without reviewing the fund’s terms and conditions (T&Cs) and thoroughly examining their contents may entail significant risks.

Investors are therefore urged to review the fund’s T&Cs —which include detailed information on the fund, its investment strategy, and associated risk factors — to assess the investment feasibility.

If an investor is unable to fully understand the T&Cs, it is recommended that they consult the fund manager for further clarification.

The CMA emphasized that its approval of the fund’s planned public offering is not an endorsement of the fund’s viability or investment potential. It merely means that the regulatory requirements set out under the Capital Market Law and its implementing regulations have been satisfied.