Memorandum of Association of a Special Purpose Vehicle

A Special Purpose Vehicle is a company established for a specific purpose such as issuing Sukuk, bonds or other securitization processes. The company is subject to the rules and provisions of Chapter Seven (Special Purpose Vehicle) of Module Eleven (Dealing in Securities) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and their amendments. In order to complement the Special Purpose Vehicle framework, the Capital Markets Authority invites you to view the memorandum of association of a special purpose vehicle to be incorporated as an appendix to the Module Eleven (Dealing in Securities) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and their amendments.

Filling out the survey form below allows you to provide your views and suggestions on the above mentioned regulations, no later than Thursday, June 14, 2018. We are ready to respond to your inquiries or comments on the phones listed below:

Mr. Hamad Alanjeri 22903123

Mr. Khaled Shamsaldeen 22903311

Final draft of the Memorandum of Association of a Special Purpose Vehicle