Title: Resolution No. (83) of 2018 Regarding Lifting the Restriction on the Activities of the Board of Directors of Al-Fouz Investment Company and its Chief Executive Officer

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

- CMA Resolution No. 27 of 2018 on restricting the activity of Al-Fouz Investment Company and the activities of the Company’s Board of Directors and its Chief Executive Officer; and

- CMA Disciplinary Board Resolution passed in its meeting held on 03/05/2018 regarding violation No. (19/2018 Disciplinary Board) (25/2018 Authority) against Al-Fouz Investment Company.

- Based on CMA Board of Commissioners Resolution passed in its meeting No. (17) of 2018 held on 16/05/2018.

The Following Was Resolved

Article (1)

The restriction imposed on the members of the Board of Directors of Al-Fouz Investment Company and its Chief Executive Officer regarding their registration in any registered employment position as of the date of issuing the mentioned Disciplinary Board Resolution is hereby lifted.

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. 

Mishaal Al-Usaimi

Issued on: 25/06/2018

Copy of the Official Document