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Capital Market Authority approves Saudi Waqf Center Fund offering
The Capital Market Authority has approved the public offering of Albilad Investment Company's units in the "Saudi Center for Quranic Recitations and Prophetic Hadiths Investment Endowment Fund." The Authority emphasized the importance of reviewing the fund's terms and conditions carefully to assess the viability of the investment and the associated risks, noting that failure to do so could expose investors to significant risks. It also clarified that this approval does not constitute an evaluation of the investment's feasibility but rather a compliance with the regulatory requirements mandated by the Capital Market Law and its regulations.
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