CmaBoardReleases
Title: Resolution No. (54) of 2021 Regarding Removal of the Liquidator of Al-Dar Investment Fund (under liquidation) and the Appointment of another Liquidator as a Replacement
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 request of Mr. Qais Mohammed Al-Nisf (BDO Al Nisf & Partners) the liquidator of Al-Dar Investment Fund (under liquidation) to remove the current liquidator of the fund upon the unit holder’s request and appoint Mr. Abdullatif Ahmad Abdullah AlAhmad (Al-Ahmad and Co. Certified Accountants -Talal Abu-Ghazaleh Organization) as Liquidator for Al-Dar Investment Fund (under liquidation); and
- Based on the Resolution of the Unit Holders Assembly of Al-Dar Investment Fund (under liquidation) held on 05/04/2021; and
- 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 liquidator of Al-Dar Investment Fund (under liquidation) Mr. Qais Mohammed Al-Nisf (BDO Al Nisf & Partners) is hereby removed.
Article (2)
Mr. Abdullatif Ahmad Abdullah AlAhmad (Al-Ahmad and Co. Certified Accountants -Talal Abu-Ghazaleh Organization) is hereby assigned as liquidator for Al-Dar Investment Fund.
Article (3)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of issuance and it shall be published in the Official Gazette.
Zeyad Al-Fulaij
Head of Supervision Sector
Issued on: 27/04/2021