المادة 66(d): Initial Offer Period

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.