CmaBoardReleases
Title: Resolution No. (51) of 2021 Regarding Renewal of the Collective Investment Scheme License of Watani USD Money Market Fund According to Islamic Sharia Principles II
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;
- The collective investment scheme license certificate of Watani USD Money Market Fund According to Islamic Sharia Principles II No. (LCIS/2015/0022) issued on 13/07/2018; and
- Based on the application submitted by Watani Investment Company to renew the license of Watani USD Money Market Fund According to Islamic Sharia Principles II; and
- Based on Resolution No. (22) of 2021 regarding amending the authorizations of the Supervision Sector’s procedures issued on 04/03/2021.
The Following Was Resolved
Article (1)
The collective investment scheme license of Watani USD Money Market Fund According to Islamic Sharia Principles II is hereby renewed for three years, renewable after paying the prescribed fees, starting from 13/07/2021.
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: 21/04/2021