CmaBoardReleases
Title: Resolution No. (45) of 2015 Regarding Renewing the Securities Activities License of Al-Arabi Brokerage Company
Resolution No. (29) of 2015
Regarding
Renewal of the Securities Activities License of Al-Robaeya Brokerage Company with the Capital Markets Authority
Having Perused:
- Law No. (7) of 2010 regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its Executive Bylaws; and
- The securities activities license certificate of Robaeya Brokerage Company No. (AP/2013/0003( dated 14/4/2014; and
- Based on the request of Robaeya Brokerage Company dated 12/3/2015 to renew its securities activities license with the CMA; and
- Based on CMA Board of Commissioners' Resolution No. (15) of 2015 passed in its meeting No.(7) of 2015 held on 5/3/2015 regarding delegating some of the Supervision Sector's jurisdictions to CMA's Managing Director.
The Following Was Resolved
Article (1):
The securities activities license of Robaeya Brokerage Company with the CMA for practicing the activity of brokerage in purchasing and selling securities for the account of others in consideration of a commission (A securities broker registered in the Securities Exchange) is hereby renewed for a year, renewable after paying the prescribed fee.
Article (2):
The concerned bodies shall execute this Resolution, each within its own capacity. This Resolution shall come into force from the date of its issuance.
Dr. Nayef Falah Al-Hajraf
Chairman, CMA Board of Commissioners
Issued on 8 / 4 / 2015