‎CMA approves SNB Capital Saudi Nomu Market Fund’s IPO on Nomu

‎CMA approves SNB Capital Saudi Nomu Market Fund’s IPO on Nomu ‎CMA approves SNB Capital Saudi Nomu Market Fund’s IPO on Nomu

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The Capital Market Authority (CMA) approved the application submitted by SNB Capital to register and offer units of SNB Capital Saudi Nomu Market Fund on the Nomu-Parallel Market.

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An investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the TCs which includes detailed information on the fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks, the regulator said in a statement today, Oct. 7.

If the TCs prove difficult to understand, it is recommended to refer to the fund manager for more information.

CMA also said its approval of the fund should never be considered as a recommendation to subscribe in the fund, as it merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.

 

Logo ofSNB Capital

The Capital Market Authority (CMA) approved the application submitted by SNB Capital to register and offer units of SNB Capital Saudi Nomu Market Fund on the Nomu-Parallel Market.

For more news and details on Mutual Funds

An investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the TCs which includes detailed information on the fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks, the regulator said in a statement today, Oct. 7.

If the TCs prove difficult to understand, it is recommended to refer to the fund manager for more information.

CMA also said its approval of the fund should never be considered as a recommendation to subscribe in the fund, as it merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.

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