Definition of a Qualifying Investor

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A “Qualifying Investor” is an investor who fulfils the following criteria:

Invests a minimum of EUR 100,000 or its currency equivalent in the PIF. This investment may not be reduced below this minimum amount at any time by way of a partial redemption; and
Declares in writing to the fund manager and the PIF that said investor is aware of, and accepts the lebanon mobile database risks associated with the proposed investment; and
Satisfies at least one of the following:
A body corporate that has net assets in excess of EUR 750,000 or part of a group that has net assets in excess of EUR 750,000 or, in each case, the currency equivalent thereof; or
An unincorporated body of persons or associations with net assets in excess of EUR 750,000 or the currency equivalent; or
A trust where the net value of the trust’s assets is more than EUR 750,000 or the currency equivalent; or
An individual whose net worth or joint net worth combined with his/her spouse exceeds EUR 750,000 or the currency equivalent; or
A senior employee or director of a service provider to the PIF.