Title: Resolution No. (156) of 2019 Regarding the License Application Submitted by KFH Capital 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 KFH Capital 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)

KFH Capital Investment Company is hereby granted a preliminary approval to practice the activity of Market Maker.

The approval is valid for six renewable months starting from 29/10/2019 and ending on 28/04/2020 in order to meet the criteria specified by the CMA.

Article (2)

The company mentioned in this Resolution will be granted a license after completing the requirements mentioned in the preliminary approval letter issued by the CMA. The license will be valid for a renewable period of three years starting on the date of issuance of the CMA license certificate, and after the payment of the required fee.

Article (3)

The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of issuance and it shall be published in the Official Gazette.

 Zeyad Al-Fulaij

Head of Supervision Sector

Issued on: 29/10/2019

Copy of the Official Document