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Sep 7 2015 onwards

Exempt Offeror Declaration Notice – ICD and Hilal Services Ltd



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NOTICE OF APPROVAL OF ICD AND HILAL SERVICES LTD AS EXEMPT OFFERORS UNDER THE MARKETS LAW 2012 AND THE MARKETS RULES

THE DFSA HEREBY GIVES NOTICE THAT:

in accordance with Article 13(3) of the Markets Law 2012 and Rule A5.1.1 of the Markets Rules, it hereby approves the following Persons as Exempt Offerors:

(1) The Islamic Corporation for the Development of the Private Sector; and
(2) Hilal Services Ltd c/o Walkers Fiduciary Limited, Cayman Corporate Centre, 27 Hospital Road, George Town, Grand Cayman KY1-9008, Cayman Islands.

As such, the obligation to issue a Prospectus under Article 14 of the Markets Law 2012 and the obligations of a Reporting Entity under Part 4 of the Markets Law 2012 do not apply to the above-named Persons.

EFFECTIVE PERIOD

This notice comes into effect on 7 September 2015 and remains in effect until further notice.

INTERPRETATION

The provisions in this notice are to be construed in accordance with GEN section 6.2 as if these provisions are provisions of the Rulebook. Defined terms are identified in this notice by the capitalisation of the initial letter of a word or of each word in a phrase and are defined in the Glossary module. Unless the context otherwise requires, where capitalisation of the initial letter is not used, an expression has its natural meaning.

THIS NOTICE IS ISSUED AT 18:00 hours on 7 September 2015 by:

……………………………………………
Eric Salomons, Director, Head of Markets
The Dubai Financial Services Authority