المادة 60: Endowment Fund

Article 60: Endowment Fund

a. The endowment fund manager must comply with the requirements set by the General Authority of Awqaf without prejudice to the requirements contained in the Capital Market Law and its Implementing Regulations.

b. The endowment fund shall be exempted from the provisions of redemption requests mentioned in Article (67) of these Regulations.

c. An endowment fund may invest its money and assets in private funds, provided that does not exceed (25%) of the fund net assets value.