CmaBylaw
Executive Bylaws
2-5 Definition of Units Of Module Thirteen: Collective Investment Schemes
Section: Chapter Two: Funds
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Sunday, 12 February 2017
An investment unit is an indivisible Security that represents a share in the Fund’s Assets directly authorizing its holders of all rights resulting therefrom. If there is more than one owner of the Unit, they must choose one Person amongst them to represent them before the Fund. Non-Kuwaiti citizens may subscribe in or own investment Units.
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