Logo of The Capital Market Authority (CMA)
The Capital Market Authority (CMA) approved Saudi Economic and Development Securities Co.’s (SEDCO) request to IPO the units of the SEDCO Capital Lombard Global ESG Equities Feeder Fund.
In a statement, the regulator warned 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.
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