CMA LAW: Announcement Regarding the Issuance of a Disciplinary Board Resolution

Capital Markets Authority announces the issuance of a Disciplinary Board Resolution on Thursday 16/10/2014 under violation No. (22/2014) Disciplinary Board.

Filed against: Sharq Investment Company.

The Board Resolved the Following:

First: Suspending the defendant company for six months from practicing any new activity in the field of managing the investment portfolios, establishing and managing collective investment schemes, and safeguarding of assets.

Second: Notifying the concerned parties with this Resolution.

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