Addleshaw Goddard Advises Emirates NBD Capital KSA on CMA-Approved Saudi Equity Fund Launch
Addleshaw Goddard, a prominent international law firm, has successfully advised Emirates NBD Capital KSA on the launch of its latest investment initiative—the ENBDC Saudi Equity Freestyle Fund. The fund recently received approval from the Saudi Capital Market Authority (CMA), marking another milestone in the financial institution’s expansion into the Kingdom’s growing equities market.
Structured as an open-ended investment vehicle, the ENBDC Saudi Equity Freestyle Fund will focus on Shari’ah-compliant shares listed on Tadawul, Saudi Arabia’s primary stock exchange, as well as the parallel market, Nomu. The fund is designed to cater to investors seeking ethical and compliant investment opportunities within the Kingdom.
The legal advisory team at Addleshaw Goddard was led by Partners Jasem Alanizy and Amar Meher, supported by associates Abdullah Almudaifer and Majid Kyprianos. The team provided end-to-end legal support, ensuring all offering documents met CMA requirements and regulatory standards.
Jasem Alanizy, Partner – Corporate Finance at Addleshaw Goddard, said:
“We are proud to have supported Emirates NBD Capital KSA on this significant offering, which underscores their strategic focus on Saudi Arabia’s dynamic equity market. Our work in ensuring compliance and clarity in the offering documents helped expedite the approval process, showcasing our deep legal expertise in the region.”
Amar Meher, Partner – Finance at Addleshaw Goddard, commented:
“This transaction reflects the expanding opportunities in Saudi Arabia’s investment fund ecosystem. Bringing a Shari’ah-compliant fund like this to market highlights our ability to advise clients on innovative financial solutions that align with both market trends and regulatory frameworks.”
With increasing interest in ethical and Shari’ah-compliant investment options, the ENBDC Saudi Equity Freestyle Fund is poised to attract a broad range of investors while reinforcing Emirates NBD Capital KSA’s position as a leading player in the Saudi financial sector.
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