Article 66(d): 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.
d. The fund manager must specify a minimum amount that must be raised through investors subscriptions during the initial offer period, without prejudges to Paragraph (d) of Article (41 ) of these Regulations, no investment of subscription monies raised may be made until this minimum sum has been achieved, except for its investment in money market funds, or in bank deposits and 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. The fund manager must disclose the required minimum amount that must be raised in the Fund’s Terms and Conditions.
Text read on · d116cafb5bbb
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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