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	155,384.51 274.67M	0.61% 944.82
ALLSHR	95,133.57 856.28M	0.49% 465.41
KSE30	47,466.99 137.10M	0.74% 347.09
KMI30	227,645.22 99.71M	0.67% 1519.50
KMIALLSHR	63,888.06 353.11M	0.50% 319.01
BKTi	41,761.78 72.20M	0.33% 138.95
OGTi	31,619.14 7.57M	0.41% 130.35

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	115,280.00	117,240.00 114,940.00	-1985.00 -1.69%
BRENT CRUDE	67.18	67.52 66.78	0.19 0.28%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-1.20 -1.41%
ROTTERDAM COAL MONTHLY	93.00	0.00 0.00	0.05 0.05%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	62.96	63.24 62.52	0.27 0.43%
SUGAR #11 WORLD	15.85	15.98 15.80	0.06 0.38%