Logo of Capital Market Authority (CMA)

The Capital Market Authority’s (CMA) approved AlBilad Investment Company’s request to offer units of Albilad MSCI Saudi Growth ETF on the Saudi Exchange (Tadawul), the authority said in a statement. 

The fund’s terms and conditions (T&Cs) can be obtained from the fund manager and the CMA's websites, 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 that include detailed information of the fund's investment strategy, objectives and risk factors.

This helps potential investors evaluate the viability of investing in the fund, taking into consideration the associated risks. 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. 

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