المادة 52(c): Offer Requirements for Closed-Ended Investment Traded Fund

c. the mechanism of the fund manager to allocate units among subscribers.

2) The mechanism of increasing the fund's total assets value, through accepting cash or in-kind contributions, or both.

3) A letter by the fund manager’s legal advisor, who is licensed to practice the profession in the Kingdom, regarding the legal due diligence report in the form set out in Annex

(12) of these Regulations.

4) A letter by the fund manager regarding the due diligence report in the form set out in Annex (13) of these Regulations.

c. When submitting an application for offering, the fund manager must provide the Authority with any contracts related to the fund or the fund's assets management.