CMA greenlights public offering of Eastern Region Associations Endowment Fund

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) approved, on June 6, the application of Al Rajhi Capital to offer units of the Eastern Region Associations Endowment Fund.

An investment decision without reading the Terms and Conditions (T&Cs) carefully or fully reviewing their content may involve high risk, the CMA said. Therefore, investors should carefully read the T&Cs, which include detailed information on the fund, investment strategy, and risk factors, and carefully study them to be able to assess the feasibility of taking into consideration the associated risks.

If the T&Cs prove difficult to understand, it is recommended to refer to the fund manager for more information, said the regulator.

The CMA added that its approval should never be considered a recommendation to subscribe to the fund, as it merely means that the legal requirements as per the Capital Market Law and its implementing regulations have been met.

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