المادة 41: Restrictions on the Fund

Article 41: Restrictions on the Fund

a) Using the Fund’s Assets: With regards to the provisions of sub-paragraph (3) of paragraph (b) of Article (47) of these Regulations, regarding a real estate investment traded fund, the Fund Manager must manage the available liquidity for the benefit of the Unitholders in low risk investment channels and without deducting any additional management fees to the invested amounts.

b) Borrowing: The Fund -including a REIT fund on the Main Market- may not borrow more than (50%) of the fund's total assets value according to the last reviewed financial statements, however in the case of a REIT fund on the parallel market, the borrowing shall not exceed (100%) of the fund’s total asset value, according to the last reviewed financial statements.