Article 7(d): 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.
d) Opening Investment Accounts for Non-profit Organisations in the Kingdom: When opening an investment account for a Non-profit Organisation in the Kingdom, the capital market institution must obtain and verify information of the following documents: -The license issued by the competent authority. -What provides that it is permitted for the organization to invest in the fields it is intending to invest in. -The Board of Directors' resolution approving the opening of the investment account and assigning the authorised signatories to operate the investment account.
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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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