CmaBoardReleases
Back to Search
Title: Resolution No. (77) of 2016 Regarding Revoking the License of Al Muhanad Fund for Direct Investment and Removing it from the Funds Register at the CMA
Date Publish
07 September 2016
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’s manager OSOUL Investment Company to liquidate Al Muhanad Fund for Direct Investment, cancel its registration and remove its name from the Funds Register at the CMA; and
- Based on CMA Board of Commissioners Resolution passed in its meeting No. (28) of 2016 held on 24/08/2016;
The Following Was Resolved:
Article (1)
The license of Al Muhanad Fund for Direct Investment is hereby revoked, its registration is canceled and it is removed from the Funds Register at the CMA.
Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. It shall come into force from the date of its issuance, and it shall be published in the Official Gazette.
Dr. Nayef Falah Al-Hajraf
Chairman, CMA Board of Commissioners
Issued on: 6/9/2016
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.