Article 35: Appointing the Developer and Engineering Office
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.
Article 35: Appointing the Developer and Engineering Office
In the event that one of the objectives of the fund includes the initial development or constructional development, the fund manager must appoint one or more developers, provided that the duties and responsibilities of each developer are clearly specified in the fund's terms and conditions, Additionally, an engineering office independent from any of the related parties, after ensuring that they obtained the approvals and licenses required to carry out their business and activities from the relevant government entities. The engineering office shall - at minimum - oversee the implementation of the fund's business plan.
Text read on · 38cf224c28f2
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 — Real Estate Investment Funds Regulations (English)Edition 11/2025
- Last read
- first read
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