المادة 39(j): Subscription and Offering

j) The Fund Manager and its affiliates may subscribe for their own account in the fund units managed by the fund manager, provided that the fund manager discloses this in the fund's terms and conditions, provided that the following requirements are met:

1. the subscription condition of the fund manager and his affiliates in the units and related rights shall not have more privileges than the conditions and rights related to the units owned by the other unitholders of the same category.

2. That the Fund Manager and his affiliates shall not exercise voting rights related to the units they own.

3. The Fund Manager shall disclose the details of its investments in the fund units, by the end of each half for a real estate investment fund and each quarter for the real estate investment traded fund, 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), as well as in the reports prepared by the fund manager in accordance with Article (26) of these Regulations.