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Title: Resolution No. (94) of 2017 Regarding the License Request Submitted by Noor Capital Markets to Practice Securities Activities Pursuant to Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their Amendments
Date Publish 22 June 2017


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 request for securities activities license submitted by Noor Capital Markets; and

- CMA Board of Commissioners Resolution passed in its meeting No. (23) of 2017 held on 06/06/2017.


The Following Was Resolved

Article (1)
Noor Capital Markets is hereby licensed to practice the activity of “Securities Broker not registered with an Exchange”.

Article (2) 
The license term for the mentioned company is three years starting from the issue date of CMA’s license certificate, after paying the required fee when obtaining the license. The mentioned 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.

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. 


Dr. Nayef Falah Al-Hajraf      
Chairman of CMA Board of Commissioners

Issued on: 22/06/2017

Copy of the Official Document

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