An Announcement from Capital Market Authority regarding the approval of Exchange Traded Fund "Albilad Gold ETF"

Monday, February 17, 2020 at 3:55 PM

Mon Feb 17, 2020 15:55

The Capital Market Authority announces that it has issued its resolution approving AlBilad Investment Company’s request to offer "Albilad Gold ETF" units on the Saudi Stock Exchange (Tadawul) as an Exchange Traded Fund.
Terms and Conditions (T&Cs) of "Albilad Gold ETF" can be obtained from the fund manager’s website and the CMA's website, which contain all relevant information that the 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, investors should carefully read the T&Cs, which include detailed information on the "Albilad Gold ETF" strategy, objectives and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in "Albilad Gold ETF", 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 "Albilad Gold ETF" should not be considered as a recommendation to invest in it. The CMA's approval of "Albilad Gold ETF" merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.