What is the requirement for the number of independent directors on the board of a public real estate fund?

At least 2 directors or one-third of the total members, whichever is greater

At least half of the board must be independent

At least 3 directors or one-third of the total members, whichever is greater

At least 2 directors or one-quarter of the total members, whichever is greater

An agent commits market manipulation while acting on behalf of an investor. Under the liability for others rule, who is liable?

The investor is liable, unless they took reasonable steps to prevent it or did not authorise the actions.

The Authority is responsible for cancelling the trades.

The investor is strictly liable with no exceptions.

Once accredited valuers issue their property valuation reports for a public real estate fund, what is the deadline for publishing these reports on the relevant websites?

Within 15 days of the issue date

Within 5 days of the issue date

Within 10 days of the issue date

Within 30 days of the issue date

How is insider trading defined under the Market Conduct Regulations?

Trading on non-public information that a normal person would realise has a material price effect.

Trading contrary to a CMI's own investment recommendation.

Making a bid or offer on the Exchange.

Buying and selling through accounts with the same ultimate owner.

A fund manager wishes to pledge a real estate asset owned by the fund as collateral to secure an external credit facility. Under what specific condition is this pledging permitted?

It can only be pledged to a licensed lender that has extended a loan to the fund.

Real estate assets owned by a fund can never be pledged under any circumstances.

It can only be pledged to the fund's appointed custodian.

It can be pledged to any CMA-licensed financial institution.

Which of the following best describes the primary capacity in which a fund manager must act for unitholders under the Investment Fund Regulations?

In a strictly administrative capacity

In an agency execution capacity

If an independent board member of a public real estate fund needs to be removed from their position, who has the exclusive authority to do so?

The unitholders via a special fund resolution

What is the maximum permissible borrowing limit (leverage) for a public real estate investment fund?

50% of the fund's total asset value

30% of the fund's Net Asset Value (NAV)

75% of the fund's total asset value

50% of the fund's Net Asset Value (NAV)

An independent custodian is appointed for three different public funds managed by the same fund manager. To simplify administration, the custodian proposes opening a single omnibus bank account for all three funds. Is this allowed?

No, the custodian must open a separate bank account for each individual fund.

Yes, if the funds share similar investment objectives.

Yes, provided the fund manager agrees in writing.

No, the fund manager must open the bank accounts, not the custodian.

A large financial institution operates a licensed fund management subsidiary and a separate CMA-licensed custody subsidiary. The fund management subsidiary wants to appoint the custody subsidiary to hold its new public fund's assets. Is this permitted under the Investment Fund Regulations?

No, because the custodian must not be an affiliate of the fund manager.

Yes, as long as it is disclosed in the terms and conditions.

Yes, provided both entities are CMA-licensed.

No, because a fund manager must act as its own custodian.

What constitutes 'tipping off' under the Market Conduct Regulations?

Revealing inside information to others, enabling them to engage in insider trading.

Publishing a bullish research report on a security.

Notifying the Authority of a suspicious client order.

Executing a trade for a relative's account.

A specific event clearly outlined in a fund's terms and conditions has just occurred, which automatically triggers the fund's termination. What action must the fund manager take regarding notification?

Notify the Authority and unitholders in writing within 5 days of the event.

Notify the Authority and unitholders at least 21 days before initiating termination.

Publish a termination report on their website within 10 days.

Cease all trading immediately and notify the Authority within 70 days.

When is a CMI permitted to trade contrary to its own active investment recommendation?

If the CMI has reasonable grounds to do so.

Only when trading on behalf of retail clients.

It is strictly prohibited under any circumstances.

If the CMI notifies the Exchange immediately.

A public fund has recently completed its first half-year of operations. How must its interim financial statements be prepared and presented?

In Arabic and reviewed by an independent auditor.

In Arabic and fully audited by an independent auditor.

In English and fully audited by an independent auditor.

In English and reviewed by an independent auditor.

What is meant by the prohibition on 'dealing ahead' of investment research?

Trading for a CMI's own account before clients have had a reasonable opportunity to react to the research.

Trading contrary to a published recommendation.

Trading on non-public information regarding an upcoming merger.

Buying and selling a security simultaneously to create a false impression of volume.

A client invests in a public investment fund and subsequently asks the fund manager who legally owns the underlying securities in the fund's portfolio. What is the correct response?

The Capital Market Authority (CMA)

A fixed-term public investment fund reaches its expiry date, but several illiquid assets remain unsold in the portfolio. What is the maximum timeframe permitted for the fund manager to complete the liquidation of these assets and distribute the proceeds?

6 months from the fund expiry date

12 months from the fund expiry date

3 months from the fund expiry date

The fund must be extended indefinitely

Before purchasing or selling any real estate asset, a fund manager must obtain property valuations. What is the minimum regulatory requirement regarding these valuers?

Two independent valuers accredited by the Saudi Authority for Accredited Valuers (SAAV)

Three independent real estate brokers

Two valuers appointed by the fund manager, at least one being independent

One independent valuer accredited by the Capital Market Authority

القواعد السعودية: إدارة الأصول - CME-4B Free Sample Paper & Question Bank

Test your knowledge with 50 official-style practice questions from our premium question bank. This mock exam sample will help you gauge your readiness and identify weak areas.

All القواعد السعودية: إدارة الأصول - CME-4B Sample Questions

Liability for others

Question 1 of 30

Which of the following provides a valid defence for an investor whose agent engaged in insider trading on their behalf?

1 / 30

About This Free Sample Paper

This free القواعد السعودية: إدارة الأصول - CME-4B practice test consists of 50 hand-picked multiple-choice questions. It is designed to give you a realistic preview of the official exam's difficulty and scenario-based testing style in international markets. Use this sample paper to evaluate your current baseline knowledge.

Format

50 Questions

Mode

Untimed Practice

Target Score

70% or higher

Cost

100% Free

Why Use a Question Bank & Mock Exams?

Passing financial regulatory exams requires more than just reading the official workbook. Accessing a high-quality question bank with heavily scenario-based mock exam questions is essential to test your ability to apply regulations to real-world situations.

Identify Knowledge Gaps: Sample papers and practice questions immediately highlight the specific syllabus chapters where your understanding is weak.
Master Time Management: Answering 50 to 80 bank questions under time pressure is a skill. Taking regular mock exams helps reduce exam anxiety.
Understand Exam Traps: The examiners often use specific phrasing traps. Our AI Tutor explanations break down exactly why the distractor options in our question bank are incorrect.

Frequently Asked Questions

Are these القواعد السعودية: إدارة الأصول - CME-4B sample questions updated for 2026?

Yes, these free practice questions are continuously reviewed and updated to reflect the latest official syllabus changes and regulatory requirements for candidates in international markets.

How similar is this sample paper to the real القواعد السعودية: إدارة الأصول - CME-4B exam?

Our sample paper and question bank are engineered to closely match the difficulty, format, and testing style of the actual official exam. It provides a highly realistic mock exam benchmark of your current readiness.

What is the pass mark for the القواعد السعودية: إدارة الأصول - CME-4B certification?

While the pass mark can vary slightly by specific exam versions, most CISI exams require a score of 70% to pass. We recommend consistently scoring 80% or higher on our practice question bank before sitting for your real test in international markets.

Can I take this free mock exam multiple times?

Yes, you can retake this 30-question sample paper as many times as you like. However, to ensure comprehensive preparation and avoid simply memorizing answers, we highly recommend unlocking our full premium question bank which features over 500 unique scenario-based practice questions.

Pass on Your First Attempt

Stop guessing and start studying smart. Unlock our complete database of 500+ scenario-based questions, interactive flashcards, AI tutor explanations, and full-length timed mock exams.

Unlock Full القواعد السعودية: إدارة الأصول - CME-4B Course

Instant Access • Up-to-date Syllabus