Title: Resolution No. (129) of 2025 Regarding Cancelling the License for Securities Activities of Watani Financial Brokerage Company and its Removal from the Licensed Persons Register at the CMA

Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and amendments thereto; and

- Based on the extraordinary general assembly Resolution of Watani Investment Company held on 20/04/2025, approving the merger process by amalgamation through dissolution of Watani Financial Brokerage Company and transferring its liabilities to Watani Investment Company for the purpose of merger, with the current shareholders of the merging company waiving the priority right to subscribe to the increased shares, provided that all the shares of the capital increase of the merging company are allocated to the shareholders of the merged company, and notating the aforementioned with the Commercial Register Department at the Ministry of Commerce and Industry on 11/06/2025; and

- Based on the extraordinary general assembly Resolution of Watani Financial Brokerage Company held on 20/03/2023 approving the merger process by amalgamation through dissolution of Watani Financial Brokerage Company and transferring its liabilities to Watani Investment Company for the purpose of merger and notating the aforementioned with the Commercial Register Department at the Ministry of Commerce and Industry on 29/06/2025; and

- Based on the approval of the Capital Markets Authority on the execution of the merger process by amalgamation between Watani Investment Company and Watani Financial Brokerage Company, issued on 02/07/2025; and

- Based on CMA Board of Commissioners Resolution passed in its meeting No. (20) of 2025 held on 09/07/2025.

- Based on Resolution No. (04) of 2025 regarding the amendment of the approval authorizations for the Supervision Sector's procedures, issued on 12/01/2025.

The Following Was Resolved:
Article (1)
The license of all securities activities granted to Watani Financial Brokerage Company is hereby cancelled. It shall be removed from the licensed persons register at the CMA as of 29/06/2025. 

Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.

 
Zeyad Al-Fulaij
Head of Supervision Sector
Issued on: 10/07/2025.

Copy of the Official Document