CMA LAW: Resolution No. (104) of 2016 Regarding Revoking the License of Al Shorooq Investment Fund and Removing it 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 CMA Board of Commissioners Resolution passed in its meeting No. (36) of 2016 held on 26/10/2016;
 
 
The Following Was Resolved:
 
Article (1)
The license of Al Shorooq Investment Fund is hereby revoked, its registration is canceled and it is removed from the Funds Register at the CMA.
 
Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. It shall come into force from the date of its issuance, and it shall be published in the Official Gazette. 
 
 
Dr. Nayef Falah Al-Hajraf
Chairman, CMA Board of Commissioners

Issued on: 16/11/2016

Copy of the Official Document

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