CMA LAW: Resolution No. (22) of 2014 of the Capital Markets Authority Regarding Cancelling the License of Al Amal Investment Company (KSCC) and Crossing out its Name from the Authority's Licensed Persons Register

Having Perused:

- Law No. (7) of 2010 regarding the "Establishment of the Capital Markets Authority and Regulating Securities' Activity", and its Executive Bylaw; and

- Based on the request of  Al Amal Investment Company (KSCC) to cancel all of its securities' activities and crossing out its name from the Authority's Licensed Persons Register; and

- Based on the Resolution of the Extraordinary General Assembly of  Al Amal Investment Company (KSCC) held on 26/6/2014 to approve amending the purposes of the company's establishment pursuant to the Companies' Law, and pointing out the abovementioned information in the Commercial Register at the Ministry of Commerce and Industry on 21/7/2014; and
 
- Based on CMA Board of Commissioners Resolution No. (6) of 2013 passed in its meeting No. (4) of 2013 held on 13/3/2013 regarding delegating some of the jurisdictions of the Markets Regulation Sector;

The Following Was Resolved

Article (1):   Cancelling Al Amal Investment Company (KSCC) license, and crossing out its name from the Capital Markets Authority's Licensed Persons Register.

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 publication in the Official Gazette.

Mishaal M. Al-Usaimi
Board of Commissioners Member
Capital Markets Authority

Issued on 11 / 8 / 2014

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.