Capital Market approves Saudi Waqf Fund public offering

The Capital Market Authority in the Kingdom of Saudi Arabia has approved the offering of the "Saudi Center for Quran Recitations and Prophetic Hadiths Investment Endowment Fund" as a public offering. Investors are required to review the fund's terms and conditions, which include details about the strategy and associated risks. Investing without studying the content involves high risks. The Authority emphasized that approval does not necessarily indicate the viability of the investment, and that they adhere to regulatory requirements in accordance with the Capital Market Law, while stressing the importance of fully understanding all conditions before investing.

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