Riyadh – Mubasher: The Saudi Capital Market Authority (CMA) approved Saudi Kuwaiti Finance House Company's request for implementing the initial public offering (IPO) of AL-MARKAZ Real Estate Investment Traded Fund (AL-MARKAZ REIT Fund).
AL-MARKAZ REIT Fund's terms and conditions can be obtained from the fund manager and the CMA's websites to learn further information about its objectives, strategy and risk factors for studying ahead of taking the investment decision, the kingdom's regulatory body added.
“The CMA’s approval of "AL-MARKAZ REIT Fund" should not be considered as a recommendation to invest in it. The CMA's approval of "AL-MARKAZ REIT Fund" merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met,” according to the CMA’s statement.
