CmaBoardReleases
Title: Resolution No. (114) of 2022 Regarding the Registration of Maqased Sharia Consultancy Company in the Register of External Sharia Auditing Offices
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 application of Maqased Sharia Consultancy Company regarding its registration as an External Sharia Auditing Office at the Capital Markets; and
- Resolution No. (48) of 2022 regarding amending the authorizations of the Supervision Sector’s procedures issued on 03/04/2022.
The Following Was Resolved
Article (1)
Maqased Sharia Consultancy Company is hereby approved and registered in the Register of External Sharia Auditing Offices at the CMA.
Article (2)
The registration period of the mentioned Company is three years, starting from the issuance date of the registration certificate, after paying the prescribed fees.
The Company shall pay the fee upon renewing the registration for any other period, according to the provisions of Law No. 7 of 2010, its Executive Bylaws and their amendments, and the CMA’s resolutions and regulations.
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.
Fahed Al-Fadli
Acting Head of Supervision Sector
Issued on: 06/07/2022