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Title: Resolution No. (104) of 2020 Regarding Suspending the Registration of Mr. Faisal Saqer Al Saqer in the Concerned Register at the Capital Markets Authority
Date Publish 15 October 2020


Having Perused:

- Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and

- The registration certificate of the auditor Mr. Faisal Saqer Al Saqer No. (0037/2016/EA) issued on 20/12/2019; and

- The Ministerial Resolution No. (148) of 2020 issued by the Ministry of Commerce and Industry on 22/09/2020 regarding suspending license No. (172) of the auditor Mr. Faisal Saqer Al Saqer; and

- Based on CMA Board of Commissioners Resolution passed in its meeting No. (30) of 2020 held on 14/10/2020.


The Following Was Resolved

Article (1)

The auditor Mr. Faisal Saqer Al Saqer is hereby suspended for one year in the concerned register at the CMA from 22/09/2020, based on the Ministerial Resolution No. (148) of 2020 mentioned above.

Article (2)

The auditor shall carry out his tasks until the competent entity approves his annual report concerning the clients accounts, unless the Authority decides otherwise.

Article (3)

The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from 22/09/2020, and it shall be published in the Official Gazette. 


Othman I. Al-Issa

Acting Managing Director

Issued on: 15/10/2020

Copy of the Official Document

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