CmaBoardReleases
Back to Search
Title: Resolution No. (27) of 2014 of CMA Board of Commissioners Regarding Licensing the Investment Funds Which Have Adjusted their Situations
Date Publish
24 November 2015
Resolution No. (27) of 2014 of CMA 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 its Executive Bylaw; and
- CMA Board of Commissioners resolution passed in its meeting No. (13) of 2014 held on 24/6/2014.
The Following was Resolved
Article (1): Ten investment funds which have adjusted their situations shall be licensed according to the provisions of Law No. (7) of 2010, and its Executive Bylaw, in addition to the Authority's resolutions and regulations in this regard. The investment funds are as follows:
|
S/N |
Name of Fund |
|
1 |
Kuwait Investment Opportunities Fund |
|
2 |
Kuwait Education Fund |
|
3 |
Al-Wasm Fund |
|
4 |
Al Nokhba Fund |
|
5 |
Al Dar Real Estate Fund |
|
6 |
Al Dar Fund of Funds |
|
7 |
Markaz Fixed Income Fund |
|
8 |
Ea’mmar & Estethmar Fund |
|
9 |
Al Dar Money Market Fund |
|
10 |
Al-Safwa Fund |
Article (2): Each fund mentioned is granted a three year license starting from the date of its registration with the Authority. These funds are exempted from paying the initial fee for such period, and shall pay the fee when renewing the license for any other period pursuant to the Authority's resolutions.
Article (3): The concerned bodies shall execute this Resolution, each within its own capacity. This Resolution shall come into force from the date of its publication in the Official Gazette.
Dr. Mahdy I. Al-Jazzaf
Vice Chairman, CMA Board of Commissioners
Issued on 2 / 7 / 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.
We use cookies to ensure you get the best experience on our website.