TPL Investment gets commercial license from Abu Dhabi Global Market

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

Add Mettisglobal as a Trusted Source on Google

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	168,636.85 149.85M	-0.78% -1332.47
ALLSHR	102,097.08 546.07M	-0.77% -795.55
KSE30	50,262.67 54.80M	-0.75% -381.59
KMI30	241,515.75 50.02M	-0.86% -2092.75
KMIALLSHR	66,137.02 252.98M	-0.78% -518.68
BKTi	46,890.48 12.29M	-0.52% -245.51
OGTi	34,227.32 5.31M	-1.41% -489.06

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	85,305.00	85,350.00 84,900.00	280.00 0.33%
BRENT CRUDE	102.61	102.65 102.32	0.30 0.29%
RICHARDS BAY COAL MONTHLY	128.50	0.00 0.00	0.65 0.51%
ROTTERDAM COAL MONTHLY	143.50	144.00 142.95	1.25 0.88%
USD RBD PALM OLEIN	1,167.50	1,167.50 1,167.50	0.00 0.00%
CRUDE OIL - WTI	93.11	93.51 92.87	0.24 0.26%
SUGAR #11 WORLD	18.96	19.05 18.55	0.35 1.88%