Saudi’s CMA Approves the Public Offering of ‘Al-Jazira Sukuk Fund’

The Saudi Arabian Capital Market Authority (CMA) has announced its decision to approve Al-Jazira Financial Markets Company to offer units of Al-Jazira Sukuk Fund (Fund) in a public offering.

The CMA emphasized that investors should carefully study its terms and conditions of investment, which includes investment strategy as well as risk factors, in order to ensure the feasibility of their investments.

Potential investors were advised to coordinate with the fund managers, in case the terms and conditions were too complex to be understood.

The CMA added that its approval of the Fund should not be seen as an endorsement to invest in the Fund, as thi...