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

e) Opening Investment Accounts for Endowments or for Establishments Owned by Endowments

1) When opening an investment account for an endowment in the Kingdom, the capital market institution must obtain and verify information of the following documents: -Approval and endowment registration certificate issued by the General Authority of Endowments. -National identification card of the endowment's trustee / board of trustees. ماع - Public -National identification card of the authorised signatories to operate the investment account and the delegation resolution (if there is a delegation of the power to operate such account).

2) When opening an investment account for an establishment owned by an endowment in the Kingdom, the capital market institution must obtain and verify information of the commercial register of the establishment, and information of the documents provided in subparagraph (1) of paragraph (e) of this Article for the endowment which owns the establishment. investment account