An Announcement from Capital Market Authority regarding the approval of Closed-ended Traded Fund "Saudi Equity Growth Traded Fund" in the Parallel Market
Tuesday, January 17, 2023 at 5:26 PM
The Capital Market Authority announces that it has issued its resolution approving “Yaqeen capital Company“ (“The Fund Manager”) request to offer and register "Saudi Equity Growth Traded Fund" (“The Fund”) units in the Parallel Market as a Closed-ended Traded Fund. The offer will be confined to Qualified Investors stipulated in the Glossary of Defined Terms Used in the Regulations and Rules of Capital Market Authority.
Terms and Conditions (T&Cs) of the fund can be obtained from the fund manager’s website and the Saudi Exchange’s website, which contain all relevant information that the qualified investor needs to consider before making or refraining from an investment decision.
An investment decision without reading the T&Cs carefully or fully reviewing its content may involve high risk. Therefore, qualified investors should carefully read the T&Cs, which include detailed information on the fund’s strategy, objectives and risk factors. Thus, providing potential qualified investors the ability to evaluate the viability of investing in the fund, taking into consideration the associated risks. And if the T&Cs prove to be difficult to understand, it is recommended to consult an authorized financial advisor.
The CMA’s approval of the fund should never be considered as a recommendation to invest in it. The CMA's approval of the fund merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.