Logo of The General Authority for Awqaf

The General Authority for Awqaf (GAA) approved 14 endowment funds to date, Al Eqtisadiah newspaper reported. 

  

Only eight out of the 14 funds have launched SAR 365 million investments, the authority said. 

  

The eight funds were licensed and offered by the Capital Market Authority (CMA), the GAA said, noting that its approval is the first step before the CMA license. 

 

Regarding the latest developments for the study of exempting the Awqaf sector from idle land fees, workers fees and taxes, the authority said that work is still underway to prepare an integrated study in cooperation with the relevant authorities, to provide all details on what contributes to the development of the Awqaf sector.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2024, Argaam Investment, All Rights Reserved
Call Request