Article 7(c): Instructions for Opening Investment Accounts for Legal Persons
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.
c) Opening Investment Accounts for Funds Owned by a Governmental Entity
1) A capital market institution may open an investment account for a fund of a governmental entity, provided that the fund is fully owned by a Saudi governmental entity or a governmental entity of a GCC member state.
2) The capital market institution, when opening an investment account for the fund referred to in paragraph (1) above, must obtain and verify information of the following documents: -The fund's bylaws. -The issued resolution assigning the authorised signatories to open and operate the investment account of the fund and their valid identity documents. -The fund's articles of association (if any) and its annexes, which clearly show the structure of the fund's capital and its management. -Documents that show the names of members of the Board of Directors.
Text read on · cd42974c9dd2
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.
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Source
The text is the Authority's, reproduced with attribution. The link opens the published document.
- Published at
- CMA — Investment Accounts Instructions (English)
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