Board Releases
 
 
Back to Search

A+ A-
Title: Resolution No. (171) of 2018 Regarding Cancelation of the License and Liquidation of Muthanna Islamic Index Fund
Date Publish 30 December 2018


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

- 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

Article (1)
The license of Muthanna Islamic Index Fund at the CMA is hereby cancelled .

Article (2)
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.

Article (3)
Muthanna Islamic Index Fund shall be removed from the Fund’s Register at the CMA after completing the liquidation works.

Article (4)
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. 


Zeyad Al-Fulaij
Acting Head of Supervision Sector

Issued on: 30/12/2018

 

 

 

 

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.
In this section