CmaBoardReleases
Title: Resolution No. (86) of 2021 Regarding Renewal of the Collective Investment Scheme License of KFH Capital Local Real Estate Fund
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 KFH Capital Local Real Estate Fund No. (LCIS/2018/0001) issued on 27/09/2018; and
- Based on the application submitted by KFH Capital Investment Company to renew the license of KFH Capital Local Real Estate Fund; and
- Based on Resolution No. (63) of 2021 regarding amending the authorizations for the Supervision Sector’s procedures issued on 14/06/2021.
The Following Was Resolved
Article (1)
The collective investment scheme license of KFH Capital Local Real Estate Fund is hereby renewed for three years, renewable after paying the prescribed fees, starting from 27/09/2021.
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: 03/08/2021