An Announcement from Capital Market Authority regarding the approval of Closed-ended Traded Fund "Alkhabeer Diversified Income Traded Fund"

Wednesday, September 16, 2020 at 5:05 PM

Wed Sep 16, 2020 17:05

The Capital Market Authority announces that it has issued its resolution approving Al-khabeer Capital Company’s request to offer and register "Alkhabeer Diversified Income Traded Fund" units on the Saudi Stock Exchange (Tadawul) as a Closed-ended Traded Fund.
Terms and Conditions (T&Cs) of "Alkhabeer Diversified Income Traded Fund" 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 "Alkhabeer Diversified Income Traded Fund" strategy, objectives and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in "Alkhabeer Diversified Income Traded 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 "Alkhabeer Diversified Income Traded Fund" should not be considered as a recommendation to invest in it. The CMA's approval of "Alkhabeer Diversified Income Traded Fund" merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.