Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) has given the green light for the public offering of Watani Saudi Equity Fund, the Saudi Exchange (Tadawul) announced on Sunday.
The offering will be carried out by Watani Wealth Management Company (NBK Wealth Management).
The wealth management entity is a single shareholder closed joint-stock company with a paid-up capital of SAR 90 million. It is fully owned by the National Bank of Kuwait (NBK) and began its operations in 2018 following its incorporation a year earlier.
Tadawul did not disclose further details about the public offering.
