Tuesday, 16 July 2024

CMA Approves SEDCO Capital Multi Asset Traded Fund for Listing on Tadawul

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The Capital Market Authority (CMA) has issued its resolution approving Saudi Economic and Development Securities Company’s request to list units of the “SEDCO Capital Multi Asset Traded Fund” on the Saudi Stock Exchange (Tadawul) as a Close-ended Traded Fund.

Investors can access the Terms and Conditions (T&Cs) of the “SEDCO Capital Multi Asset Traded Fund” from the fund manager’s website and the CMA’s website. These documents contain crucial information that investors should carefully consider before making investment decisions.

Investing without thoroughly reviewing the T&Cs may entail significant risks. Therefore, investors are strongly advised to read the T&Cs, which provide comprehensive details about the fund’s strategy, objectives, and risk factors. This enables potential investors to assess the suitability of investing in the “SEDCO Capital Multi Asset Traded Fund” while taking into account associated risks. If the T&Cs are challenging to understand, seeking guidance from an authorized financial advisor is recommended.

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It’s important to note that the CMA’s approval of the “SEDCO Capital Multi Asset Traded Fund” should not be interpreted as a recommendation to invest in it. The approval signifies that the legal requirements under the Capital Market Law and its Implementing Regulations have been met.

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