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Title: Resolution No. (10) of 2015 Regarding Licensing the Investment Funds Which Regularized their Situations
Date Publish
26 October 2015
Resolution No. (10) of 2015
Regarding
Licensing the Investment Funds Which Regularized their Situations
Having Perused:
- Law No. (7) of 2010 regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its Executive Bylaws; and
- CMA Board of Commissioners Resolution passed in its meeting No. (3) of 2015 held on 28/1/2015.
The Following Was Resolved
Article (1):
Total of (12) investment funds, which regularized their situations pursuant to Law No. (7) of 2010 and its Executive Bylaw, in addition to the CMA's resolutions and regulations in this regard, are hereby licensed. The names of these investment funds are as follows:
|
S/N |
Fund's Name |
|
1 |
Noor GCC Islamic Fund |
|
2 |
Global KWD Money Market Fund |
|
3 |
Al-Amin Islamic Money Market Fund |
|
4 |
First Real Estate Group Fund |
|
5 |
Muthanna Islamic Index Fund |
|
6 |
Muthanna GCC Islamic Banks Fund |
|
7 |
Direct Investment Fund |
|
8 |
Sanaya Dow Jones Kuwait Index Fund |
|
9 |
Markaz Energy Fund |
|
10 |
Markaz Islamic Fund |
|
11 |
Markaz Fund for Excellent Yields |
|
12 |
Al-Safat Local Equity Fund |
Article (2):
Each of the above mentioned funds is hereby licensed for three years starting from the date of its registration in the CMA's register. The mentioned funds are exempted from paying the initial fee for such period, provided that they pay the fee when renewing the license for other similar periods pursuant to the CMA's Resolutions.
Article (3):
The concerned bodies shall execute this Resolution, each within its own jurisdiction. This Resolution shall come into force from the date of its issuance, and shall be published in the Official Gazette.
Dr. Nayef Falah Al-Hajraf
Chairman of the Board of Commissioners
Managing Director
Issued on: 3/2/2015
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