Capital Market Authority approves Al Rajhi ETF IPO

The Capital Market Authority approved the offering of units of the Al-Rajhi MSCI Saudi Shares ETF for distribution in the main market, through the issuance of a traded index fund units. The Authority emphasized the importance of carefully reviewing the fund's terms and conditions and seeking financial advice before investing. It also clarified that this decision does not imply the profitability of investing in the fund, but rather aims to fulfill regulatory requirements.

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