Capital Markets Authority Renewed 'Tharwa Al-Arabi' License
The Capital Markets Authority issued a decision to renew the license for Tharwa Al-Arabi fund's collective investment system for three years, effective February 2027, upon request by Tharwa Investment Company.
Translated by Qiyas from النهار — Original source
The Capital Markets Authority issued Decision No. (147) of 2026 regarding the renewal of the collective investment system license for Al-Arabi Wealth Fund for a period of three years, renewable, effective from February 2, 2027. According to the decision, the renewal was granted upon the request of Thuroowa Investment Company, following a review of Law No. (7) of 2010 concerning the establishment of the Capital Markets Authority and the regulation of securities activities, its executive regulations, and their amendments, as well as the collective investment system license for Al-Arabi Wealth Fund No. (0013/2015/LCIS), issued on February 2, 2024. The decision also relied on Decision No. (131) of 2026 concerning the amendment of the final approval authority for the procedures of the Supervision Sector, issued on September 9, 2026. Article Two of the decision stipulates that the relevant authorities responsible for its implementation shall each act within their respective competencies, that it shall take effect from the date of its issuance, and that it shall be published in the Official Gazette.
