CmaBoardReleases
Title: Announcement Regarding Collective Investment Scheme License Granted to Warba Bank
Based on Resolution No. (112) of 2023 Regarding Granting a Collective Investment Scheme License to Warba Bank for the Incorporation of Warba Islamic KD Money Market 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 23\07\2023, and in implementation of Article (9) of the aforementioned Resolution, which provides for granting a license to the fund after completing the minimum capital for three years from the date of its registration in the Funds Register at the CMA.
The Capital Markets Authority announces that a license for Warba Islamic KD Money Market Fund is issued on 11/10/2023, for a period of three renewable years.