CmaBoardReleases
Title: Resolution No. (71) of 2016 Regarding Renewal of the Securities Activities License of Al-Seef Financial Brokerage Company at the CMA
Having Perused:
- Law No. (7) of 2010 regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Amendments; and
- The securities activities license certificate of Al-Seef Financial Brokerage Company No.(AP/2013/0013); and
- Based on the request of Al-Seef Financial Brokerage Company dated 30/05/2016 to renew the securities activities license at the CMA;
- Based on CMA Board of Commissioners Resolution No. (44) of 2015 passed in its meeting No. (18) of 2015 held on 3/6/2015 on delegating some competences of the Supervision Sector.
The Following Was Resolved:
Article (1)
The securities activities license of Al-Seef Financial Brokerage Company for practicing the activity of a securities broker registered in the Securities Exchange is hereby renewed for three years, renewable after paying the prescribed fee.
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.
Mohammad Sulaiman Almarzouq
Head of Supervision Sector
Issued on: 01/08/2016