CmaBoardReleases
Title: Resolution No. (144) of 2022 Regarding Renewal of the Securities Activities License of Gulf Bank
Having Perused:
- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
- The securities activities license certificate of Gulf Bank No. (AP/2016/0025) issued on 13/12/2019; and
- The application submitted by Gulf Bank to renew the license of the securities activities at the CMA; and
- Based on Resolution No. (141) of 2022 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 04/09/2022.
The Following Was Resolved
Article (1)
The securities activities license of Gulf Bank at the CMA is hereby renewed for practicing the following activities:
1- Investment Portfolio Manager
2- Custodian
3- Investment Controller
4- Subscription Agent
The license is valid for three renewable years as of 13/12/2022.
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: 21/09/2022
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