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Market Authority greenlights First Promising Fund units
The Saudi Capital Market Authority has approved the general offering of units of the "First Promising Growth" Fund, following the fulfillment of regulatory requirements. The aim is to enhance diversity in investment products and expand opportunities for investors. The Authority urged investors to carefully review the terms and conditions documents, as they include the investment strategy, asset allocation, and investment risks. It also emphasized that approval does not guarantee the success or viability of the fund's investment, and that assessing returns and risks remains the investor's responsibility.
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