CmaBoardReleases
Title: Resolution No. (33) of 2022 Regarding Renewal of the Securities Activities License of Al Safat Investment 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 Al Safat Investment Company No. (AP/2016/0012) issued on 19/04/2019; and
- The request of Al Safat Investment Company to renew the license of the securities activities at the CMA; and
- Based on Resolution No. (63) of 2021 regarding amending the authorizations of the Supervision Sector’s procedures issued on 14/06/2021.
The Following Was Resolved
Article (1)
The securities activities license of Al Safat Investment Company at the CMA is hereby renewed for practicing the following activities:
- Investment Advisor.
- Investment Portfolio Manager.
- Collective Investment Scheme Manager.
- Investment Controller.
- Subscription Agent
The license is valid for three renewable years, after paying the prescribed fees, starting from 19/04/2022.
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.
Anwar Al Mudhaf
Acting Head of Supervision Sector
Issued on: 07/03/2022