“The Financial Market” adopts a package of regulatory improvements for investment funds
The Capital Market Authority Council has adopted a package of improvements to develop the organizational environment for investment funds in Saudi Arabia." target ="_Blank"> The financial market and its rules." target ="_Blank"> The body To develop the regular provisions of investment funds to enhance the asset management industry and raise their competitiveness by identifying the development reservoirs and adopting international best practices, and developing a number of Other regulatory rulings. It has the distribution of fund units to include the investment fund distribution platforms, and electronic money companies licensed by the Saudi Central Bank, through their websites or electronic applications, and the development of the provisions for the termination of investment funds and the isolation of the fund manager. The authority, with the commitment of the current fund manager to transfer the responsibilities of the fund management to the alternative manager within 60 days of the issuance of the authority’s approval of the withdrawal. /> In order to expand the investment opportunities for real estate funds circulating in the parallel market (growth), support diversification of its assets and increasing its flexibility in a way that enhances its potential returns for investors, the amendments approved to allow them when establishing the fund included investing in real estate development projects without adhering to the proportions mentioned in the investment policy and restrictions on the assets stipulated in the Funds list Real estate investment. Canceling the conditions imposed on them according to the list of investment funds. The diversity of the Fund’s portfolio. Investors from the retail clients category in private and foreign funds must have been approved, the amendment of the requirements for offering private and foreign investment funds has been approved to investors from the retail customer category. Cash subscriptions in the fund when offering its units. Retail customers (50%) of the total cash subscriptions in the fund when offering securities issued by a foreign fund. For the Fund. A new investment fund, distributed in various categories that include (15) shares fund, (5) cash market boxes, (7) endowment boxes, and (4) boxes of circulating indicators, in addition to real estate boxes and other specialized boxes. 2024 AD, with a growth rate of 25.2% compared to the year 2023 AD. The third in February 2025, before the full amendments were adopted in the three projects." target ="_Blank"> Investment funds list
Real estate investment funds list
The list of terms used in the lists and bases of the Capital Market Authority
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