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Title: Resolution No. (51) of 2014 of the Capital Markets Authority's Board of Commissioners Regarding Licensing the Investment Funds Which Have Adjusted Their Situations
Date Publish
24 November 2015
Resolution No. (51) of 2014
of the Capital Markets Authority's Board of Commissioners
Regarding
Licensing the Investment Funds Which Have Adjusted Their Situations
Having Perused:
- Law No. (7) of 2010 regarding the "Establishment of Capital Markets Authority and Regulating Securities Activity", and the Executive Bylaw thereof; and
- CMA Board of Commissioners Resolution passed in its meeting No. (21) of 2014 held on 30/9/2014.
The Following Was Resolved
Article (1): Ten investment funds which have adjusted their situations are hereby licensed pursuant to Law No. (7) of 2010, the Executive Bylaw, and the CMA resolutions and regulations in this regard, the names of the mentioned investment funds are as follows:
|
S/N |
Name of Fund |
|
1 |
Burgan Equity Fund |
|
2 |
Al Ahli Kuwaiti Funds |
|
3 |
Al-Themar Securities Fund |
|
4 |
Al Awaed Real Estate Fund |
|
5 |
Kuwait Private Equity Opportunities Fund |
|
6 |
Al Dar Securities Fund |
|
7 |
Al Ahli Gulf Fund |
|
8 |
Al-Darij Fund |
|
9 |
Zajil Fund for Services and telecommunications |
|
10 |
Mawarid Fund for Industrial and Petroleum services |
Article (2): Each of the funds mentioned in Article (1) of this Resolution is licensed for three years starting from its registration in the CMA register. The mentioned funds are exempted from the fee when renewing the license for any other period according to the CMA resolutions.
Article (3): The concerned bodies shall execute this Resolution, each within its jurisdiction. It shall come into force from the date of its issue in the Official Gazette.
Dr. Nayef Falah Al-Hajraf
Chairman, CMA Board of Commissioners
Executive Manager
Issued on 1 / 10 / 2014
Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.
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