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Title: Resolution No. (42) of 2023 Regarding Renewal of the Collective Investment Scheme License of Al Wasm Fund
Date Publish
27 March 2023
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
- The collective investment scheme license certificate of Al Wasm Fund
No. (LCIS/2014/0026) issued on 30/06/2020; and
- The application of Kuwait Finance and Investment Company (KFIC) to renew the license of Al Wasm Fund; and
- Based on Resolution No. (24) of 2023 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 12/02/2023.
The Following Was Resolved
Article (1)
The collective investment scheme license of Al Wasm Fund is hereby renewed for three renewable years, as of 30/06/2023.
Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.
Zeyad Al-Fulaij
Head of Supervision Sector
Issued on: 27/03/2023
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