SHUAA Capital Saudi Arabia cjsc (‘SCSA’), announced today that Saudi Arabia’s Capital Market Authority (CMA) has licensed three SHUAA funds in the Saudi market; the SCSA Morabaha Fund; SCSA Saudi Gateway Fund; and SCSA Saudi Islamic Gateway Fund.
The three funds will take a conservative approach to investment and will focus on listed Shariah compliant and conventional Saudi stocks as well as IPOs.
Following CMA’s approval, SCSA will announce the timeline to open subscriptions in the three funds for investors.
No comments:
Post a Comment