Article 50: Conditions for Offering Closed-Ended Investment Traded 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.
Article 50: Conditions for Offering Closed-Ended Investment Traded Fund
The following must be must be satisfied when submitting an application for the offer of closed-ended investment traded fund units:
a. The fund type: the investment traded fund shall be a closed-ended fund.
b. The minimum requirement for establishment: the fund’s total assets value, at the establishment, must be (300) million Saudi Riyals at least to offer its units in the Main Market, and not less than (100) million to offer its units in the Parallel Market.
c. The nominal value per unit: the nominal value per unit must be (10) Saudi Riyals.
d. Subscription consideration: public unitholders may only subscribe by way of cash contributions.
e. Subscription limit: the minimum subscription must not exceed (1000) units per unitholder.
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- Published at
- CMA — Investment Funds Regulations (English)Edition 11/2025
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- first read
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