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Title: Resolution No. (18) of 2021 Regarding Renewal of the Securities Activities License of First Investment Company at the CMA
Date Publish 23 February 2021

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 securities activities license certificate of First Investment Company No. (AP/2015/0008) issued on 09/03/2018; and

- Based on the request of First Investment Company to renew the license of the securities activities at the CMA; 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)
The securities activities license of First Investment Company at the CMA is hereby renewed for practicing the following activities:

- Investment Portfolio Manager.

- Collective Investment Schemes Manager.

- Subscription Agent.

- Custodian.

The license is valid for three renewable years, after paying the prescribed fees, starting from 09/03/2021. 


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.



Rayan Mohammed Alzaid

Acting Head of Supervision Sector

Issued on: 23/02/2021

Copy of the Official Document

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