CMA LAW: Resolution No. (64) of 2026 Regarding the Renewal of the Securities Activities License for Coast Investment and Development 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 of Coast Investment and Development Company No. (AP/2014/0001) issued on 01/09/2023; and
-    The application submitted by Coast Investment and Development Company to renew the license of the securities activities at the CMA; and 
-    Based on Resolution No. (4) of 2025 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 12/01/2025.

The Following Was Resolved
Article (1)
The securities activities license of Coast Investment and Development Company at the CMA is hereby renewed to practice the following activities:

1- Investment Portfolio Manager
2- Collective Investment Scheme Manager
3- Investment Advisor
 

This license is valid for three renewable years as of 01/09/2026.
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.

Anwar Al Mudhaf

Acting Head of Supervision Sector
Issued on: 01/06/2026.

Copy of the Official Document

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