Saudi regulator approves public offering of an investment fund

Dubai: Saudi Arabia’s Capital Markets Authority (CMA) said it has issued its resolution approving the public offer by Alinma Investment Company of Alinma Makkah Real Estate Fund.

The CMA’s approval of the fund should never be considered a recommendation to subscribe to the fund, 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 regulator said in a statement.

An investment decision without reading the terms and conditions carefully or fully reviewing its content may involve high risk.