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Title: Resolution No. (160) of 2019 Regarding Appointing Kuwait & Middle East Financial Investment Company as a Substitute Manager for Al-Huda Islamic Fund
Date Publish
06 November 2019
Having Perused:
- Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
- Based on the approval of the Unit Holders Assembly of Al-Huda Islamic Fund held on 29/10/2019 for appointing Kuwait & Middle East Financial Investment Company as a substitute fund manager; and
- Based on 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 appointment of Kuwait & Middle East Financial Investment Company as a substitute manager for Al Al-Huda Islamic Fund and the legal representative of the fund and the authorized signatory is hereby approved.
Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of issuance, and it shall be published in the Official Gazette.
Zeyad Al-Fulaij
Head of Supervision Sector
Issued on: 06/11/2019
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