Title: Resolution No. (47) of 2025 Regarding the License Application Submitted by Grant Thornton Advisors LLC to Practice Securities Activities

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
- The application for licensing securities activities submitted by Grant Thornton Advisors LLC; and

- 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 CMA hereby grants preliminary approval to Grant Thornton Advisors LLC to license the following activities:

1. Investment Advisor
2. Asset Valuation

This approval is valid for six months, renewable, starting from 25/03/2025 and ending on 24/09/2025 in order to meet the criteria specified by the CMA.

Article (2)
Grant Thornton Advisors LLC shall be granted a license upon completion of the requirements stated in the preliminary approval letter issued by the CMA. This license is valid for a renewable period of three years, starting from the date of issuance of the CMA license certificate, and upon payment of the prescribed fee.

Article (3)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of issuance, and it shall be published in the Official Gazette.

Zeyad Al-Fulaij
Head of Supervision Sector 
Issued on: 25/03/2025.

Copy of the Official Document