Article 6: Investment Restrictions of the Direct Financing Fund
As published by the Capital Market Authority and read from the source by the regulation watch; reproduced verbatim, with attribution and a link to the source.
Sixth: Investment Restrictions of the Direct Financing Fund
a) The Direct Financing Fund conducts the activity of direct financing for legal persons and investment funds, to the exclusion of individuals.
b) The term of any financing granted through the Direct Financing Fund shall not exceed the remaining duration of the term of the Fund, including any rescheduling or extension of such financing.
c) The total direct financing provided through the direct financing fund shall not exceed the total size of the Fund.
d) The Direct Financing Fund shall not assume exposure to a single beneficiary, or to multiple beneficiaries belonging to the same group equal to or exceeding (25%) or more of the total size of the Fund.
e) The Direct Financing Fund Manager shall, when selling a financing contract relating to a beneficiary inside the Kingdom to a person inside the Kingdom, include a full -recourse right in the sale agreement, pursuant to which the purchaser of the financing contract within the Kingdom shall have the right of refer back to the Fund to demand payment in accordance with the arrangements specified in the contract.
f) The Direct Financing Fund Manager shall not sell financing contracts concluded outside the Kingdom to financial institutions licensed by the Saudi Central Bank (SAMA).
Text read on · e4583f4c59d8
Paragraphs
Each paragraph has a page of its own, so a citation of one paragraph names it exactly.
History
Each time the regulation watch read the source and found these words changed, the earlier text was kept. Removed words are struck through, added words underlined.
No amendment has been seen since the platform first read these words on 2026-09-14.
Cited on the platform
Counts only: the platform's own baseline limits and catalogued duties that cite this reference. No firm's rulebook appears here.
- Baseline limits
- 30 verified
- Duties
- 00 verified
Source
The text is the Authority's, reproduced with attribution. The link opens the published document.
- Published at
- CMA — Instructions on the Financing of Investment Funds (English)Edition current
- Last read
- first read
ComAgents — the regulator-facing accountability layer for CMA-regulated firms. The text of each article is the Authority's, reproduced with attribution and a link to the source.