Title: Resolution No. (33) of 2019 Regarding Revoking the Securities Activities License of Murabahat Investment Company and Deleting the company’s name from the Licensed Persons Register at the CMA
Date Publish 06 March 2019
- 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
- Based on the application submitted by Murabahat Investment Company to cancel its securities activities license and delete its name from the licensed persons register at the CMA on 27/12/2018; and
- Based on the Extraordinary General Assembly Meeting of Murabahat Investment Company held on 30/1/2019 regarding the approval of amending the Company’s activities that were established pursuant to the provisions of Commercial Companies Law No. (15) of 1960, and the notation of that in the commercial register at the Ministry of Commerce & Industry on 10/02/2019; 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:
The securities activities license of Murabahat Investment Company is hereby cancelled, and the company’s name is therefore deleted from the licensed persons register at the CMA.
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.
Acting Head of Supervision Sector
Issued on: 06/03/2019
Copy of the Official Document
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