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Title: Resolution No. (137) of 2019 Regarding Renewal of the Collective Investment Scheme License of AL- Raed Investment Fund
Date Publish
08 September 2019
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 AL- Raed Investment Fund No. (LCIS/2016/0008) issued on 30/10/2016; and
- At the request of Kuwait Investment Company to renew the license of AL- Raed Investment Fund; and
- Resolution No. (149) of 2018 regarding amending the final approval of authorizations for the Supervision Sector’s procedures issued on 25/11/2018.
The Following Was Resolved
Article (1)
The collective investment scheme license of AL- Raed Investment Fund is hereby renewed. The license is valid for three years, renewable for the same period after paying the prescribed fees, from 30/10/2019.
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.
Zeyad Al-Fulaij
Head of Supervision Sector
Issued on: 08/09/2019
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