Title: Resolution No. (116) of 2019 Regarding Cancelation of the License and Liquidation of the Business Center Portfolio of Dubai Investment Park

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 A’ayan Leasing & Investment Company as the Business Center Portfolio of Dubai Investment Park’s Manager on the approval of the Unit Holders Assembly of liquidating and appointing A’ayan Leasing & Investment Company as the Portfolio’s liquidator; and

- Resolution No. (149) of 2018 regarding the final approval of authorizations for the Supervision Sector’s procedures issued on 25/11/2018.  

The Following Was Resolved

Article (1)
The license of the Business Center Portfolio of Dubai Investment Park of A’ayan Leasing & Investment Company at the CMA is hereby cancelled .

Article (2)
Appointing A’ayan Leasing & Investment Company as the Portfolio’s Liquidator, the liquidator shall not proceed with the liquidation works thereof unless the appointment thereof is officially announced.

Article (3)
the Business Center Portfolio of Dubai Investment Park shall be removed from the collective investment scheme’s Register at the CMA after completing the liquidation works.

Article (4) 
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date it is published in the Official Gazette. 

Zeyad Al-Fulaij
Head of Supervision Sector

Issued on: 22/07/2019

Copy of the Official Document