CMA LAW: Announcement Regarding the Licensing of Securities Activities for Burgan Bank

Based on Resolution No. 99 of 2023 regarding the licensing application submitted by Burgan Bank to practice securities activities in accordance with Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and amendments thereto, issued on 21/06/2023, and in implementation of Article 2 of the aforementioned Resolution, which grants the company a license after fulfilling the requirements of the CMA for a period of three years from the date of issuance of the CMA's license certificate.

The CMA announces that a license is issued to Burgan Bank for the following activities:
- Investment Portfolio Manager.
- Investment Advisor.
- Securities Broker not registered with an Exchange.

on 19/10/2023, valid for a period of three years, renewable.

Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.