2026-03-02
The Capital Market Authority of Saudi Arabia has issued these Instructions to regulate the registration, management, and operations of simplified investment funds within the Kingdom. The framework mandates licensed fund managers and independent custodians to segregate assets, maintain comprehensive records, and conduct private placements exclusively for institutional investors. Funds must submit prior notifications and offering documents to the Authority, which retains oversight powers to suspend offerings or require additional disclosures while ensuring unitholder protections and clearly defined fee structures.