CMA LAW: Resolution No. (25) of 2016 Regarding Revoking the License of Al-Imtiaz Money Market Fund and Removing it from CMA Register of Funds

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 manager (Alimtiaz Investment Group Co.) to liquidate Al-Imtiaz Money Market Fund and remove it from CMA register of fuds; and

- Based on CMA Board of Commissioners Resolution passed in its meeting No. 11/2016 held on 30/3/2016;

The Following Was Resolved

Article (1)
The license of Al-Imtiaz Money Market Fund is hereby revoked, and it is removed from CMA register of funds.

Article (2)
The concerned bodies shall execute this Resolution, each within its own jurisdiction. This Resolution shall come into force as from the date of its issuance, and it shall be published in the Official Gazette.         

Mishaal M. Al-Usaimi 
Vice Chairman, CMA Board of Commissioners 
              
Issued on: 4/4/2016

Copy of the Official Document

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