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Al Market OKs Al Rajhi Sukuk Units
The Capital Market Authority has approved the offering of units of the "Al Rajhi Sukuk for Distributions" Fund, a new fund from Al Rajhi Financial aimed at attracting investors interested in investing in Sharia-compliant debt instruments and sukuk, with periodic profit distributions. The approval does not mean a valuation of the investment's feasibility has been issued; rather, it confirms that regulatory offering requirements have been met. Investors are advised to carefully review the terms and conditions and can contact the fund manager for more information.
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