Article 37: Valuation of fund Asset and Calculation of Unit Price
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 37: Valuation of fund Asset and Calculation of Unit Price
a) The Fund Manager is responsible for performing fair valuation of the fund’s assets.
b) Except for real estate assets, the Fund Manager must comply with the provisions of Annex
(5) of the Investment Funds Regulations related to valuation methodologies for public funds.
c) The Fund Manager shall evaluate the Fund’s real estate assets at least once every (6) months based on a valuation prepared by two accredited valuers in accordance with the valuation policy set out in the fund's terms and conditions, and publish the accredited valuers’ report on its website and the Exchange’s website or any other website available to the public according to the controls set out by the Authority (where applicable) within a period not exceeding (15) days from issuing such report. The valuation reports shall include the rental market value of the relevant real estate (where applicable), and in case of more than two accredited valuers were appointed, the fund manager must publish all the accredited valuers' reports.
d) The net value of the unit shall be calculated by subtracting the Fund’s total liabilities from its total assets, then dividing the result by the number of the fund’s units, and this shall be considered as a benchmark price of the unit.
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- Published at
- CMA — Real Estate Investment Funds Regulations (English)Edition 11/2025
- Last read
- first read
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