Qualified Investor

A natural or legal person who can manage his investments by himself according to the following conditions, unless he desires to be an ordinary investor:

First: A legal person that has any of the following conditions:

1. The federal government, local governments, governmental institutions and authorities, or the companies fully owned by any of the aforementioned.
2. Foreign governments and its institutions and authorities or the companies fully owned by any of them.
3. International bodies and organizations.
4. Entities licensed by the Authority or a similar regulatory authority.
5. The legal person that meets, at the date of the last financial statements, at least two of the following requirements:
   1. Total value of its assets is (75) million UAE dirhams.
   2. Net annual revenue of (150) million UAE dirhams.
   3. It has a net equity or paid-up capital with a minimum of (7) million UAE dirhams.

Second: The natural person who is accredited by the Authority or a similar regulatory authority to practice any of the tasks related to the financial activities or services.

Third: The natural person who meets the following conditions:

1. He owns net equity, excluding his main residence, amounting to (4) million UAE dirhams.
2. His annual income is not less than (1) million UAE dirhams per annum.
3. He declares that he has the adequate knowledge and experience in the field of investment he will practice and its risks or he is represented by an entity licensed by the Authority, in a manner that does not conflict with the terms of its license.