Saudi Arabia's Capital Market Authority has approved Al Rajhi Capital Company's request to offer units of the Al Rajhi MSCI Saudi Equity ETF on the Saudi Stock Exchange (Tadawul) as an exchange-traded fund. The authority said the fund's terms and conditions are available on the fund manager's website and the CMA's website and contain the information investors need before making an investment decision. It cautioned that investing without carefully reviewing the terms and conditions may involve high risk, as they set out the fund's strategy, objectives and risk factors, and noted that investors who find the document difficult to understand should consult an authorized financial adviser. The CMA also said its approval is not a recommendation to invest and only confirms that the legal requirements under the Capital Market Law and its Implementing Regulations have been met.