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Having Perused:
Title: Resolution No. (177) of 2023 Regarding Cancelling the Registration of Mr. Abdul Rahman Mubarak Hassan Al-Qaoud from the Register of Auditors
Date Publish
25 December 2023
Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and amendments thereto, and
- The registration certificate of the auditor Mr. Abdul Rahman Mubarak Hassan Al-Qaoud No. (EA/2013/0032) issued on 30/08/2022; and
- Based on CMA Board of Commissioners Resolution passed in its meeting No. (38) of 2023 held on 13/12/2023.
The Following Was Resolved
Article (1)
The registration of the auditor Mr. Abdul Rahman Mubarak Hassan Al-Qaoud, is hereby cancelled from the register of auditors at the CMA.
Article (2)
Mr. Abdul Rahman Mubarak Hassan Al-Qaoud shall end all his auditing tasks that he is providing to the persons licensed by the CMA and the companies listed in the Securities Exchange.
Article (3)
Mr. Abdul Rahman Mubarak Hassan Al-Qaoud shall complete and end all his pending tasks of reviewing and auditing the financial statements of the persons licensed by the CMA and the companies listed in the Securities Exchange that were assigned to him before the issuance of this Resolution, until their annual ordinary general assembly is held so that they can appoint another auditor from the register of auditors registered at the CMA.
Article (4)
Mr. Abdul Rahman Mubarak Hassan Al-Qaoud shall meet all the legal obligations established by Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments for the period prior to the enforcement of this Resolution.
Article (5)
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.
Prof. Ahmad A. Al-Melhem
Issued on: 24/12/2023
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