CMA LAW: Resolution No. (09) of 2022 Regarding Replacement of the Liquidator of First Real Estate Fund (under liquidation)

Having Perused:

- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments; and

- The request of Kuwait Real Estate Investment Consortium to remove the current liquidator of the fund and appoint Mr. Ali Owaid Rukhais Awad (Al- Waha Auditing Office) as liquidator for First Real Estate Fund (under liquidation); and

- Based on the Resolution of the Unit Holders Assembly of First Real Estate Fund (under liquidation) held on 26/12/2021; and

- Based on Resolution No. (63) of 2021 regarding amending the authorizations for the Supervision Sector’s procedures issued on 14/06/2021.  

The Following Was Resolved

Article (1)
Kuwait Real Estate Investment Consortium - liquidator of First Real Estate Fund (under liquidation) is hereby replaced, and Mr. Ali Owaid Rukhais Awad (Al- Waha Auditing Office) is hereby appointed as liquidator for First Real Estate Fund (under liquidation) 

Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of issuance and it shall be published in the Official Gazette.

Prof. Ahmad A. Al-Melhem
Issued on: 24/01/2022

Copy of the Official Document

Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.