The Saudi Arabia Capital Markets Authority approved AlBilad Investment Company's public offer of the Saudi Center for Quran Recitations and Prophetic Hadiths Endowment Fund, while stating that the approval confirms only that the fund meets the legal requirements under the Capital Market Law and its Implementing Regulations and does not constitute a recommendation to subscribe, with investors urged to review the terms and conditions, investment strategy and risk factors carefully.
Saudi Arabia Capital Markets Authority2026-07-23
Saudi Arabia Capital Markets Authority approves AlBilad Investment Company public offer of Saudi Center for Quran Recitations and Prophetic Hadiths Endowment Fund
The Saudi Arabia Capital Markets Authority approved AlBilad Investment Company's public offer of the Saudi Center for Quran Recitations and Prophetic Hadiths Endowment Fund. It said the approval reflects compliance with legal requirements and is not a recommendation to subscribe.