Saudi investment funds may be listed on the Saudi Stock Exchange (Tadawul) subject to compliance with the Investment Funds Regulations, which includes, e.g., obtaining the CMA’s prior approval and issuing an information memorandum containing prescribed information. Additionally, list funds must have a board of directors and both a fund manager and custodian for all funds. The CMA’s regulations set out specific investment restrictions for public funds, depending on the type of fund involved.
