CmaBoardReleases
Title: Resolution No. (56) of 2015 Regarding Revoking the License of Waeed Investment Real Estate Fund and Crossing it out from CMA Investment Funds Register
Having perused:
- Law No. (7) of 2010 regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws;
- Based on the request of the Fund's Manager
- Al Dhow Investment Company
- to liquidate Waeed Investment Real Estate Fund and to cross it out from CMA Investment Funds Register; and
- Based on CMA Board of Commissioners Resolution No. (5) of 2015 passed in its meeting No. (25) of 2015 held on 27/7/2015.
The Following Was Resolved
Article (1): The license of Waeed Investment Real Estate Fund is hereby revoked and crossed out from CMA Investment Funds Register.
Article (2): The concerned bodies shall execute this Resolution, each within its own jurisdiction. This Resolution shall come into force as from the date of its issuance, and it shall be published in the Official Gazette. Dr. Nayef Falah Al-Hajraf Issued on 2/8/2015