Article 66(c): Initial Offer Period
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.
c. The duration of any initial offer period must not exceed (60) days. During such period and until the elapse of the initial offer no investment of subscription monies raised to be made except investing them in money market funds, deposits, or money market transactions concluded with a party subject to the Saudi Central Bank supervision or equivalent regulator to the Saudi Central Bank in a jurisdiction outside the Kingdom, without prejudice to Paragraph (d) of Article (41) of these Regulations.
Text read on · a1fc269bb896
History
Each time the regulation watch read the source and found these words changed, the earlier text was kept. Removed words are struck through, added words underlined.
No amendment has been seen since the platform first read these words on 2026-09-14.
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Source
The text is the Authority's, reproduced with attribution. The link opens the published document.
- Published at
- CMA — Investment Funds Regulations (English)Edition 11/2025
- Last read
- first read
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