Examples of Board of the fund in a sentence
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The Board of the fund is responsible for the investment policy with regards to the assets of the fund.
The Board of the fund or the CIS manager where appointed must satisfy itself that the fund is and continues to be managed in accordance with the fund‟s constitutive documents.
The Board of the fund will also appoint a Depositary who, in addition to having responsibility for safe custody of the assets of the fund must also perform an oversight function of the operator.
The fund will invest its assets mainly in Saudi sovereign sukuk denominated in Saudi riyals and listed on the Saudi market (Tadawul), and approved by the Shariah Board of the fund manager.
The Board of the fund may amend the terms of the plan or terminate the plan at any time without prior notice to the fund's shareholders.
The member must file with the Officers and Employees Retirement Board of the fund a written notice of his intention to vest.
The fund will invest at least 95% of its net assets in Saudi sovereign sukuk denominated in the Saudi riyal and listed on the main Saudi stock market (Tadawul), and authorized by the Shariah Board of the fund manager.
If the Supervisory Board cannot meet, the Management Company may, in agreement with the Depositary, transfer this Fund’s assets to a “multi-company” fund.The approval of the Supervisory Board of the fund receiving the assets shall be mandatory.