Title: Announcement Regarding Revoking the license of a collective investment scheme granted to establish a fund
Date Publish 30 January 2019
Based on Resolution No. (106) of 2018 regarding a collective investment scheme license granted to Global Investment House (Global) for the Incorporation of JTC Investment Fund on 07/08/2018, and in implementation of Article Five of the mentioned resolution which states granting the fund three months temporary renewable license for the purpose of completing the minimum limit of the fund’s capital and issuance of ownership units, and upon the preliminary approval granted upon the company’s request to extend the temporary license validity for a similar term, and due to the fund manager not meeting the mentioned requirements of article five, CMA hereby declares revoking the collective investment scheme license granted to Global Investment House (Global) for the incorporation of JTC Investment Fund.
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