Instructions for Traded Closed-End Investment Funds

Release Date:	1439-09-22
Release Tool:	Councils and commissions decisions
Issuance Instrument Number:	2018-66-2
Validity:	Cancelled
Summary:	By AI The instructions regarding closed-end traded investment funds address the organization, offering, registration, and management of these funds in the Kingdom in accordance with the Capital Market Law. It is required that the minimum total value of the fund's assets at establishment be 300 million Saudi Riyals, with a nominal value of the unit set at 10 Riyals. Only cash participation is permitted, and the minimum subscription must not be less than 1,000 units per owner. The instructions include d...

Release Date:

1439-09-22

Release Tool:

Councils and commissions decisions

Issuance Instrument Number:

2018-66-2

Validity:

Cancelled

Summary:

By AI

The instructions regarding closed-end traded investment funds address the organization, offering, registration, and management of these funds in the Kingdom in accordance with the Capital Market Law. It is required that the minimum total value of the fund's assets at establishment be 300 million Saudi Riyals, with a nominal value of the unit set at 10 Riyals. Only cash participation is permitted, and the minimum subscription must not be less than 1,000 units per owner. The instructions include d...