TPL Investment gets commercial license from Abu Dhabi Global Market

MG News | May 26, 2022 at 03:05 PM GMT+05:00

0:00

May 26, 2022 (MLN): TPL Properties Limited has announced that its indirect subsidiary TPL Investment Management Ltd (TPLIM) incorporated in Abu Dhabi Global Market (ADGM), has been granted a commercial license and a category 3C Financial Services Permission (FSP) by the ADGM’s Financial Services Regulatory Authority (FSRA) under the Financial Services and Markets Regulations 2015, allowing it to manage a collective investment fund.

With additional FSPs to arrange deals in investments, TPLIM can advise on investments or credit.

According to the notice issued to PSX, TPLIM, as a licensed fund manager, can launch and manage feeder fund(s) in a foreign jurisdiction(s) to raise funds from international investors for onward investment in TPL REIT Fund I launched by TPL REIT Management Company Limited (a wholly-owned subsidiary of TPL Properties Limited) in Pakistan.

Copyright Mettis Link News

Related News

Name	Price/Vol	%Chg/NChg
KSE100	148,815.31 210.52M	-0.45% -677.75
ALLSHR	91,673.12 691.85M	-0.34% -314.97
KSE30	45,206.45 71.88M	-0.69% -311.96
KMI30	210,332.14 78.15M	-0.63% -1334.91
KMIALLSHR	60,685.87 348.12M	-0.54% -328.43
BKTi	42,003.35 40.78M	-0.82% -349.19
OGTi	29,991.46 5.84M	-0.60% -180.33

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	109,950.00	110,770.00 108,845.00	-960.00 -0.87%
BRENT CRUDE	68.54	68.73 68.40	-0.26 -0.38%
RICHARDS BAY COAL MONTHLY	92.00	0.00 0.00	2.35 2.62%
ROTTERDAM COAL MONTHLY	99.85	0.00 0.00	0.00 0.00%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	64.53	64.76 64.37	-0.27 -0.42%
SUGAR #11 WORLD	16.39	16.57 16.30	-0.09 -0.55%