Mettis Global News
Mettis Global News
Mettis Global News AD
Mettis Global News AD

TPL Investment gets commercial license from Abu Dhabi Global Market

Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp

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

Posted on: 2022-05-26T15:05:43+05:00