Capital Market Authority approves Al Rajhi MSCI Saudi ETF
The Saudi Financial Sector Authority has approved the issuance and outlined a plan to list units of the "Al-Rajhi MSCI Saudi Stocks Traded Fund" in the market as an exchange-traded index fund unit. Investors can review the fund's terms and conditions through its official websites. The authority emphasized the importance of thoroughly studying the terms and conditions before investing and clarified that approval does not necessarily indicate the viability of investing in the fund. It also stated that it has adhered to the regulatory requirements in accordance with the Capital Market Law and its regulations.
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