Saudi Arabia Capital Markets Authority (CMA) issued a resolution approving the public offer of the Nusuk Endowment Fund by Al Rajhi Capital. The CMA stressed that its approval is not a recommendation to subscribe, but confirmation that the legal requirements under the Capital Market Law and its Implementing Regulations have been met. Investors were cautioned that making an investment decision without reading the fund’s terms and conditions may involve high risk. The CMA urged investors to review the terms and conditions in full, including details on the fund, investment strategy and risk factors, and to contact the fund manager if any provisions are difficult to understand.
Saudi Arabia Capital Markets Authority 2025-09-29
Saudi Arabia Capital Markets Authority approves Al Rajhi Capital’s public offering of Nusuk Endowment Fund
The Saudi Arabia Capital Markets Authority approved the public offer of the Nusuk Endowment Fund by Al Rajhi Capital, emphasizing that this approval confirms compliance with legal requirements but is not a subscription recommendation. Investors are advised to thoroughly review the fund's terms, investment strategy, and risk factors, and to consult the fund manager for clarification on any provisions.