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Title: Announcement Regarding Collective Investment Scheme License Granted to Kuwait Financial Centre “Markaz” Company
Date Publish
25 January 2023
Based on Resolution No. (163) of 2022 Regarding Granting a Collective Investment Scheme License to Kuwait Financial Centre “Markaz” Company for the Incorporation of GCC Momentum Fund pursuant to Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments, issued on 20\10\2022, and in implementation of Article (8) of the aforementioned Resolution, which provides for granting a license to the Fund after completing the minimum capital, for a period of three years from the date of its registration in the Funds Register at the CMA.
The Capital Markets Authority announces that a license for GCC Momentum Fund is issued on 25/01/2023, for a period of three renewable years.
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