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Home Business

TPL Properties subsidiary get license to raise funds from Foreign investors

admin-augaf by admin-augaf
May 26, 2022
in Business, Finance
Reading Time: 1 min read
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Karachi May 26 2022: TPL Investment Management Ltd (TPLIM) has received a commercial license and a category 3C Financial Services Permission (FSP) to manage a collective investment fund, with additional FSPs to arrange deals in investments and to advise on investments or credit from the Financial Services Regulatory Authority of the Abu Dhabi Global Market under the Financial Services and Markets Regulations 2015.

TPL Investment Management Ltd (TPLIM), a wholly owned indirect subsidiary of TPL Properties Limited incorporated in Abu Dhabi Global Market (ADGM).

TPLIM, as a licensed fund manager, can launch and manage feeder fund(s) in 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.

Tags: propertyTPL
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