CMA approves public offering of AlAwwal Promising Growth Fund

05/01/2026 Argaam
Logo ofCapital Market Authority (CMA)

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved AlAwwal Capital Co.’s request for the public offering of the AlAwwal Promising Growth Fund.

 

The regulator emphasized that its approval should not be deemed a recommendation to subscribe to the offering, noting that it only confirms that the fund has met the legal requirements set out in the Capital Market Law and its implementing regulations.

 

The CMA advised investors to carefully review the fund’s terms and conditions, which include detailed information on the fund, its investment strategy, and risk factors, in order to assess the associated risks. The authority also urged investors to consult the fund manager for clarification if any part of the terms and conditions is unclear.

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