(a) A CIU established by way of a contract (“contractual CIU”) between the operator and the investors; or

(b) A trust established under the Legislative Decree No. 23 of 2016 in Respect of Trusts; or

(c) A cell within a Protected Cells Company established pursuant to Legislative Decree No. 22 of 2016 in respect to Protected Cells Companies; or

(d) Investment Limited Partnership established pursuant to Law No. 18 of 2016 in Respect to Investment Limited Partnerships; or

(e) A Bahraini Shareholding Company (closed) established under the Bahrain Commercial Companies Law.