CMA LAW: Resolution No. (163) of 2024 Regarding the Renewal of the Securities Activities License for Rasmeel Investment Company

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 securities activities license certificate for Rasmeel Investment Company No. (AP/2016/0005) issued on 15/03/2022, and
- The application of Rasmeel Investment Company to renew the securities activities license with the CMA, and
- Based on Resolution No. (24) of 2023 regarding the amendment of the approval authorizations for the Supervision Sector's procedures, issued on 12/02/2023.

The Following Was Resolved:
Article (1)
The securities activities license of Rasmeel Investment Company with the CMA is hereby renewed for practicing the following activities:

1. Investment Portfolio Manager.
2. Investment Advisor.
3. Collective Investment Scheme Manager.
4. Subscription Agent.

The license is valid for three renewable years, after paying the prescribed fees, starting from 14/03/2025.

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: 22/12/2024.

Copy of the Official Document

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