Riyadh — Mubasher: The Capital Market Authority (CMA) disclosed its approval for Portfolios Investment Company (PIC) to conduct a public offering of units for the PIC Saudi Equity Fund, according to an official statement on 5 October 2026.
The decision allows the fund manager to proceed with the regulatory process for making the investment vehicle available to the public.
The CMA stated that its approval should not be viewed as an endorsement of the fund's investment feasibility or merits.
Instead, the authorization signifies that the fund has met all legal and regulatory requirements under the Capital Market Law and its executive regulations.
Potential investors are advised by the regulator to review the fund’s terms and conditions, which contain detailed information regarding the investment strategy and associated risk factors.
The CMA noted that studying these documents is essential for assessing the feasibility of the investment. If the terms and conditions cannot be fully understood, the regulator recommends consulting the fund manager for further clarification.
