Saudi Arabia's Capital Markets Authority (CMA) issued a resolution approving Derayah Financial Company's public offer of the Derayah Nomu Market Fund. The CMA reminded investors to read the fund’s terms and conditions carefully, including information on the fund, its investment strategy and risk factors, and to seek clarification from the fund manager if needed. It also stressed that its approval is not a recommendation to subscribe, but confirmation that legal requirements under the Capital Market Law and its Implementing Regulations have been met.
Saudi Arabia Capital Markets Authority 2025-03-12
Saudi Arabia Capital Markets Authority approves Derayah Financial Company's public offering of Derayah Nomu Market Fund
Saudi Arabia's Capital Markets Authority approved Derayah Financial Company's public offer of the Derayah Nomu Market Fund. The CMA emphasized that its approval confirms compliance with legal requirements but is not a subscription recommendation. Investors are advised to review the fund's terms, strategy, and risks thoroughly.