CMA LAW: Resolution No. (74) of 2015 Regarding Suspending the Securities Activities License of Adeem Investment & Wealth Management Company K.S.C. (Closed)

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

- Based on the Ministerial Resolution No. (58) of 2015 regarding revoking the commercial license No. (598/1999) Deputy Prime Minister and Minister of Commerce and Industry; and

- Based on CMA Board of Commissioners Resolution passed in its meeting No. (38) of 2015 held on 15/11/2015;

The Following Was Resolved

Article (1): The securities activities license of Adeem Investment & Wealth Management Company K.S.C. (Closed) is hereby suspended for six months.

Article (2): The concerned bodies shall execute this Resolution, each within its own jurisdiction. This Resolution shall come into force as from the date of its issuance, and it shall be published in the Official Gazette. Dr. Nayef Falah Al-Hajraf

pdf copy

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.