المادة 53(c): Closed-Ended Investment Traded Fund Buy-Back and Sale of its Units

c. The closed ended investment traded fund may not buy-back its units for use as treasury units except for the following purposes:

1. If the fund’s board of directors or whoever they may delegate believes that the price of the units in the Exchange is less than their fair value.

2. Swaps operations in return for purchase of an asset.

3. Any other purpose approved by the Authority.