CmaBoardReleases
Title: Announcement Regarding the Upcoming Expiration Date for the Securities Activities License held by Al-Riyada for Finance and Investment Company
The Capital Markets Authority (CMA) hereby announces that the securities activities license held by Al-Riyada for Finance and Investment Company is expires on 13/05/2018 for the below listed securities activities:
1. Investment Advisor.
2. Investment portfolio manager.
3. Collective Investment Scheme Manager.
4. Custodian.
5. Subscription Agent.
The company has not submitted to the CMA a request to renew the license for the above mentioned securities activities three months prior to the expiration date of the license in accordance with item 1 of Article 1-12 of Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of Law No. 7 of 2010 and their amendments; nor has the company disclosed to the CMA its intention of not renewing the mentioned license.

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