Circular No. (S/18/3381/6/1) for the year 1439 AH

Type:	Circular
Date:	1439-08-21
Document Number:	ص/18/3381/6/1
Source:	Capital Market Authority
Summary:	By AI The document addresses the procedures for rectifying the status of a fund manager wishing to open independent accounts for final beneficiaries who are not qualified as qualified foreign investors. The rectification requires the submission of a request to transfer securities from the swap agreement account to the qualified foreign investor's account within 12 months, with the investor needing to provide confirmation of being the final beneficiary. The "Tadawul" Company executes the transfer after...

Type:

Circular

Date:

1439-08-21

Document Number:

ص/18/3381/6/1

Source:

Capital Market Authority

Summary:

By AI

The document addresses the procedures for rectifying the status of a fund manager wishing to open independent accounts for final beneficiaries who are not qualified as qualified foreign investors. The rectification requires the submission of a request to transfer securities from the swap agreement account to the qualified foreign investor's account within 12 months, with the investor needing to provide confirmation of being the final beneficiary. The "Tadawul" Company executes the transfer after...