CmaBoardReleases
Back to Search
Title: Resolution No. (65) of 2015 Regarding Licensing the Investment Companies which Regularized their Situations Pursuant to Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws
Date Publish
12 November 2015
Having Perused:
- Law No. (7) of 2010 regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its Executive Bylaws; and
- CMA Board of Commissioners Resolution passed in its meeting No. (32) of 2015 held on 29/9/2015.
The Following Was Resolved
Article (1) The investment companies listed below, which regularized their situations pursuant to Law No. (7) of 2010 and its Executive Bylaws, in addition to the CMA's resolutions and regulations issued in this regard, are hereby licensed. The term of the license granted to the mentioned companies is three years starting from the date of issuing the license certificate, and after paying the fee which is required when licensing the activities added to the purposes of the company. The mentioned companies shall pay the fee when renewing the license for any other term pursuant to CMA Law, its Executive Bylaws, and CMA resolutions and regualtions. The following table includes the licensed companies and the activities they are licensed to practice according to this Article: S/N Company Name Licensed Activity 1 Housing Finance Company
- Managing investment portfolios (Investment Portfolio Manager). CMA Data Classification: Public 2 - Establishing and managing collective investment schemes (Collective Investment Scheme Manager). 2 Gulf Investment House
- Providing investment advice related to securities in consideration of a commission (Investment Advisor). - Managing investment portfolios (Investment Portfolio Manager).
- Establishing and managing collective investment schemes (Collective Investment Scheme Manager). 3 Kuwait Finance & Investment Company
- Brokerage for purchasing and selling securities for the account of others in consideration of a commission (A securities broker who is not registered in the Securities Exchange).
- Providing investment advice related to securities in consideration of a commission (Investment Advisor).
- Managing investment portfolios (Investment Portfolio Manager).
- Establishing and managing collective investment schemes (Collective Investment Scheme Manager).
- Offering or selling securities for the interest of its issuer or its ally, or obtaining securities from the issuer or its ally for the purpose of remarketing (Issuance Management). 4 Strategia Investment Company
- Investment Controller 5 Al Mal Investment Company
- Brokerage for purchasing and selling securities for the account of others in consideration of a commission (A securities broker who is not CMA Data Classification: Public 3 registered in the Securities Exchange).
- Providing investment advice related to securities in consideration of a commission (Investment Advisor).
- Managing investment portfolios (Investment Portfolio Manager).
- Establishing and managing collective investment schemes (Collective Investment Scheme Manager).
- Safeguarding the assets that constitute collective investment schemes (Custodian).
- Offering or selling securities for the interest of its issuer or its ally, or obtaining securities from the issuer or its ally for the purpose of remarketing (Issuance Management). 6 KFH Capital investment company
- Investment Controller. 7 Sharq Investment Company
- Brokerage for purchasing and selling securities for the account of others in consideration of a commission (A securities broker who is not registered in the Securities Exchange).
- Investment Controller.
Article (2) The concerned bodies shall execute this Resolution, each within its own jurisdiction. This Resolution shall come into force from the date of its issuance, and shall be published in the Official Gazette. Dr. Nayef Falah Al-Hajraf
Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.
We use cookies to ensure you get the best experience on our website.