Non-Direct Investments – Deposits and Money Markets

<p class="MsoBodyText2" align="center" style="text-align: center; text-indent: -.5in; line-height: 200%; margin-left: .5in"> <font face="Arial"><b><span lang="EN-GB" style="font-size: 12pt" xml:lang="EN-GB">Non-Direct Investments – Deposits and Money Markets</span></b></font></p><br /><p class="MsoBodyText2" align="center" style="text-align: center; line-height: 200%"> <font face="Arial"><b><span lang="EN-GB" style="font-size: 12pt" xml:lang="EN-GB">Specific Investment Guidelines</span></b></font></p><br /><p class="MsoBodyText2" style="text-indent: -.5in; line-height: 200%; margin-left: .5in"> <font face="Arial"><span lang="EN-GB" xml:lang="EN-GB"> </span></font></p><br /><p class="MsoBodyText2" style="text-align: justify; line-height: 200%"> <font face="Arial"><span lang="EN-GB" xml:lang="EN-GB">The Specific Investment Guidelines for this class of investment, supplementary to the General Investment Guidelines given above, are as follows:</span></font></p><br /><p class="MsoBodyText2" style="text-align: justify; line-height: 200%"> <font face="Arial"><span lang="EN-GB" xml:lang="EN-GB"> </span></font></p><br /><p class="MsoBodyText2" style="text-align: justify; text-indent: -.5in; line-height: 200%; margin-left: .5in"> <font face="Arial"><span lang="EN-GB" xml:lang="EN-GB">1.         No more than 20% of Shareholders’ Funds may at any time be invested in term deposits with non-Bahrain based financial institutions.</span></font></p><br /><p class="MsoBodyText2" style="text-align: justify; text-indent: -.5in; line-height: 200%; margin-left: .5in"> <font face="Arial"><span lang="EN-GB" xml:lang="EN-GB"> </span></font></p><br /><p class="MsoBodyText2" style="text-align: justify; text-indent: -.5in; line-height: 200%; margin-left: .5in"> <font face="Arial"><span lang="EN-GB" xml:lang="EN-GB">2.         Investments may only be made in term deposits with those financial institutions approved by the Board of Directors from time to time, as detailed in the Approved Deposit Taking Institutions list which is to be maintained on an ongoing basis by Management.</span></font></p><br /><p class="MsoBodyText2" style="text-align: justify; text-indent: -.5in; line-height: 200%; margin-left: .5in"> <font face="Arial"><span lang="EN-GB" xml:lang="EN-GB"> </span></font></p><br /><p></p><br /><p><br />Credit:ivythesis.typepad.com</p><br />

Non-Direct Investments – Deposits and Money Markets

Non-Direct Investments – Deposits and Money Markets Specific Investment Guidelines   The Specific Investment Guidelines for this clas...

Read more »