CMA LAW: Resolution No. (16) of 2017 Regarding Renewal of the Collective Investment Scheme License of KAMCO Investment Fund

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

- The collective investment scheme license certificate of KAMCO Investment Fund No. (0014/2014/F( issued on 20/3/2014; and

- Based on CMA Board of Commissioners Resolution No. (15) of 2014 of on licensing the investment funds which regularized their situations; and

- Based on the request of KAMCO Investment Co. to renew the license of Gulf Gate Fund; and

- Based on CMA Board of Commissioners Resolution No. (44) of 2015 passed in its meeting No. (18) of 2015 held on 3/6/2015 on delegating some of the Supervision Sector’s competences.

The Following Was Resolved

Article (1)
The collective investment scheme license of KAMCO Investment Fund is hereby renewed for three years, renewable after paying the prescribed fees.

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. 

Mohammed Sulaiman Almarzouq
Head of Supervision Sector

Issued on: 14/2/2017

Copy of the Official Document

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