The Saudi Capital Market Authority (CMA) has announced the approval of public offering of "Ensan Endowment Fund", by AlBilad Investment Company, the regulator said in a statement.

However, CMA noted that the approval of the fund should never be considered as a recommendation to subscribe in the fund, as it only means that the legal requirements have been met, it added in the statement.

(Writing by Nada Al Rifai nada.rifai@refinitiv.com, editing by Seban Scaria)

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