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Title: Resolution No. (118) of 2023 Regarding the Renewal of the Collective Investment Scheme License for Watani USD Money Market Fund
Date Publish
07 August 2023
Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws and amendments thereto; and
- The Collective Investment Scheme License Certificate for Watani USD Money Market Fund No. (LCIS/2014/0045) issued on 24/11/2020; and
- The application from Watani Investment Company to renew the license for Watani USD Money Market Fund; and
- Based on Resolution No. (24) of 2023 regarding the amendment of the approval authorizations for the Supervision Sector's procedures issued on 12/02/2023.
The Following Was Resolved:
Article (1)
The license for Watani USD Money Market Fund's collective investment scheme is hereby renewed for a period of three years, renewable, starting from 24/11/2023.
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: 07/08/2023.
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