Media ININ Economy We Trust
Media In / Riyadh 12 June 2018
The Board of the Saudi Capital Market Authority (CMA) issued a decision approving Al-Enmaa Investment Company to put forward the units of the Development Fund and Rural Endowment.
This is in continuation to the role of the Capital Market Authority in organizing and developing the financial market, in order to support the growth of the asset management industry and to promote institutional investment in the Kingdom.
The fund is the first of the funds to come in line with the Financial Sector Development Program and the Capital Market Authority (CMA 2020) strategy. These programs aimed to stimulate investment and work on developing the components of the investment environment and infrastructure in the financial market.
His Excellency the Chairman of the Board of the Capital Market Authority, Mr. Mohammed bin Abdullah Al-Quweiz, said that this initiative is the first of coordination between the Capital Market Authority and the Public Authority for Endowments aiming at enhancing the status of Awqaf in the development and sustainability of society. Economy and society.
