SAUDI ARABIA: The Capital Market Authority (CMA) has approved the public offering of the Waqf Alawqaf Fund, to be managed by Al Rajhi Capital. The fund will be offered to the public in the Saudi capital market.
The approval confirms that the fund has met the legal requirements under the Capital Market Law and its Implementing Regulations. The CMA stated that its approval does not constitute a recommendation to invest and that investors should review the fund’s terms and conditions before making any investment decision.
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