CmaBoardReleases
Title: Resolution No. (79) of 2023 Regarding Renewal of the Securities Activities License of Coast Investment and Development Company
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 Coast Investment and Development Company No. (AP/2014/0001) issued on 01/09/2020; and
- The application submitted by Coast Investment and Development Company to renew the securities activities license at the CMA; and
- Based on Resolution No. (24) of 2023 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 12/02/2023.
The Following Was Resolved
Article (1)
The securities activities license of Securities Group Company at the CMA is hereby renewed for practicing the following activities:
1. Investment Portfolio Manager.
2. Investment Advisor.
3. Collective Investment Scheme Manager.
The license is valid for three renewable years as of 01/09/2023.
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.
Zeyad Al-Fulaij
Head of Supervision Sector
Issued on: 31/05/2023.