المادة 7(d): Instructions for Opening Investment Accounts for Legal Persons

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.