Title: Resolution No. (127) of 2019 Regarding the License Application Submitted by Al-Masar Leasing and Investment Company to Practice Securities Activities Pursuant to Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their Amendments

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

- The request of the securities activities license submitted by Al-Masar Leasing and Investment Company; and

- Resolution No. (149) of 2018 regarding amending the final approval of authorizations for the Supervision Sector’s procedures issued on 25/11/2018. 

The Following Was Resolved

Article (1)

Al-Masar Leasing and Investment Company is hereby licensed to practice the activity of Collective Investment Scheme Manager.

Article (2)

The license term of the mentioned Company is three years, starting from the issue date of CMA license certificate, after paying the required fee when obtaining the license. The Company shall pay the fee when renewing the license for any other term(s) pursuant to the provisions of Law No. 7 of 2010 and its Executive Bylaws and their amendments, and to CMA’s resolutions and regulations.

Article (3)

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.

Zeyad Al-Fulaij

Head of Supervision Sector

Issued on: 22/08/2019