The Saudi Arabia Capital Markets Authority issued a resolution approving the public offering of Al-Watani Sukuk Fund by Watani Wealth Management Company. The authority emphasised that its approval does not constitute a recommendation to subscribe and only indicates that the legal requirements under the Capital Market Law and its Implementing Regulations have been met. Investors were urged to read the fund’s terms and conditions carefully, including information 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 2025-03-02
Saudi Arabia Capital Markets Authority approves public offering of Al-Watani Sukuk Fund by Watani Wealth Management Company
The Saudi Arabia Capital Markets Authority approved the public offering of Al-Watani Sukuk Fund by Watani Wealth Management Company, clarifying that this approval is not a subscription recommendation but confirms compliance with legal requirements. Investors are advised to review the fund's terms, strategy, and risks thoroughly and consult the fund manager for clarification.