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Title: Resolution No. (82) of 2024 Regarding the Cancellation of Al-Madina Fund’s License and its Removal from the CMA Registers
Date Publish
20 June 2024
Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and amendments thereto; and
- The request of the Fund’s liquidator to cancel the Fund’s license and remove it from the Funds Register at the CMA; and
- Based on Resolution No. (24) of 2023 regarding the amendment of the approval authorizations for the Supervision Sector's procedures, issued on 12/02/2023.
The Following Was Resolved
Article (1)
The license of Al-Madina Fund is hereby cancelled, and it is hereby removed from the Fund’s 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.
Fahed Al-Fadli
Acting Head of Supervision Sector
Issued on: 20/06/2024
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