CMA approves public offering of Baitk Global Sukuk Fund units

The Capital Market Authority announced its approval for the Saudi Kuwaiti Finance House Company to offer public offering of Baitk Global Sukuk Fund units.

The Authority stated that the decision to invest without reviewing the terms and conditions of the fund and studying their content may involve high risks. Therefore, the investor must review the terms and conditions of the fund, which contain detailed information about the fund, investment strategy and risk factors, and study them carefully to be able to assess the feasibility of the investment or not in light of the associated risks. If the contents of the terms and conditions cannot be understood, it is preferable to refer to the fund manager for more information.

It added, “The approval of the fund’s offering should not be viewed as an endorsement of the feasibility of investing in the fund, as its decision to approve the offering means that the regulatory requirements have been adhered to according to the Capital Market Law and its implementing regulations.”