Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia has issued its resolution approving the public offering of Al Rajhi Saudi Health Care Equity Fund, according to an official statement.
Al Rajhi Capital, a subsidiary of Al Rajhi Bank, acts as the Fund Manager.
The CMA stated that its approval of the fund “should never be considered as a recommendation to subscribe in the fund.”
The regulator elaborated: “The CMA's approval of the fund merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.”
The CME advised that an investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk.
Therefore, investors should carefully read them, including detailed information on Al Rajhi Saudi Health Care Equity Fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks.
The CMA concluded: “If the Terms and conditions proves difficult to understand, it is recommended to refer to the fund manager for more information.”
It is worth noting that the CMA recently approved a request by Al Rajhi Capital to proceed with the public offering of the Al Rajhi GCC Equity Fund (Excluding KSA).
