CmaBoardReleases
Title: Resolution No. (17) of 2018 Regarding Cancelling the License of Boubyan Global Real Estate Fund and Cancelling its Registration from the Funds Register at the CMA
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
- Based on the request of the Fund’s liquidator to cancel the registration of the Fund in the Funds Register at the CMA; and
- Resolution No. (9) of 2018 on organizing the final approval authorizations of CMA’s sectors procedures and delegations issued on 17/01/2018.
The Following Was Resolved
Article (1)
The license of Boubyan Global Real Estate Fund is hereby cancelled, and it is removed from the Funds Register at the CMA.
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.
Mubarak Alrefaei
Acting Head of Supervision Sector
Issued on: 05/02/2018