TPL Investment gets commercial license from Abu Dhabi Global Market
MG News | May 26, 2022 at 03:05 PM GMT+05:00
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 | 151,207.82 270.55M | 0.54% 809.10 |
| ALLSHR | 90,610.19 454.41M | 0.58% 526.11 |
| KSE30 | 45,699.24 117.25M | 0.54% 245.88 |
| KMI30 | 221,265.68 168.17M | 1.37% 2994.55 |
| KMIALLSHR | 59,615.58 276.17M | 1.10% 650.10 |
| BKTi | 41,225.65 49.82M | -1.32% -549.68 |
| OGTi | 32,018.80 15.09M | 2.20% 690.38 |
| Symbol | Bid/Ask | High/Low |
|---|
| Name | Last | High/Low | Chg/%Chg |
|---|---|---|---|
| BITCOIN FUTURES | 69,990.00 | 70,600.00 67,570.00 | 2855.00 4.25% |
| BRENT CRUDE | 110.05 | 111.89 106.85 | 1.02 0.94% |
| RICHARDS BAY COAL MONTHLY | 112.50 | 0.00 0.00 | 5.25 4.90% |
| ROTTERDAM COAL MONTHLY | 113.00 | 0.00 0.00 | 0.00 0.00% |
| USD RBD PALM OLEIN | 1,175.00 | 1,175.00 1,175.00 | 0.00 0.00% |
| CRUDE OIL - WTI | 112.86 | 115.48 108.89 | 1.32 1.18% |
| SUGAR #11 WORLD | 14.98 | 15.15 14.84 | -0.02 -0.13% |
Chart of the Day
Latest News
Top 5 things to watch in this week
Pakistan Stock Movers
| Name | Last | Chg/%Chg |
|---|
| Name | Last | Chg/%Chg |
|---|