For listing Units of Funds on Exchanges outside the State of Kuwait the following conditions shall be met: 1. Submitting a study specifying the objective of listing the units of the fund on a foreign Exchange and the requirements of the same, and its effect on the activity of the Fund, and the obligations of listing. The Fund Manager shall also submit a brief of the technical study including the objective of the listing in the foreign Exchange, its privileges and anticipated risks, in addition to the procedures taken by the company to limit such risks. 2. The percentage of the Units to be listed in the foreign Exchange throughout the period of listing shall not exceed 40% of the Fund’s capital 3. The Fund Manager shall provide an undertaking of not disclosing any information to the foreign Exchange before or at the same time disclosing the same to the Exchange in the State of Kuwait. 4. The Fund Manager shall submit an undertaking of abiding with providing the Exchange in the State of Kuwait with all the requirements and details related to disclosure in the foreign Exchange.