Title: Resolution No. (171) of 2018 Regarding Cancelation of the License and Liquidation of Muthanna Islamic Index Fund
- 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
- Based on the Resolution of the Unit Holders Assembly of Muthanna Islamic Index Fund held on 13/12/2018 on the approval of liquidating the Fund and appointing KFH Capital Investment Company as the Fund’s liquidator; and
- Resolution No. (149) of 2018 regarding athe final approval of authorizations for the Supervision Sector’s procedures issued on 25/11/2018.
The Following Was Resolved
The license of Muthanna Islamic Index Fund at the CMA is hereby cancelled .
Appointing KFH Capital Investment Company as the Fund’s Liquidator, the liquidator shall not proceed with the liquidation works thereof unless the appointment thereof is officially announced.
Muthanna Islamic Index Fund shall be removed from the Fund’s Register at the CMA after completing the liquidation works.
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date it is published in the Official Gazette.
Acting Head of Supervision Sector
Issued on: 30/12/2018