CmaBoardReleases
Title: Resolution No. (178) of 2022 Regarding Renewal of the Securities Activities License of Tharwa 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 Tharwa Investment Company No. (AP/2020/0002) issued on 02/02/2020; and
- The application submitted by Tharwa Investment Company to renew the license of the securities activities at the CMA; and
- Based on Resolution No. (141) of 2022 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 04/09/2022.
The Following Was Resolved
Article (1)
The securities activities license of Tharwa Investment Company at the CMA is hereby renewed for practicing the activity of Market Maker.
The license is valid for three renewable years as of 02/02/2023.
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: 28/11/2022