CMA LAW: CMA Resolution No. (31) of 2013 of CMA Board of Commissioners Regarding Revoking the License of Al-Shams Investment Company and Removing it from the Licensed Persons Register at the CMA

Having Perused: 
- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and its Executive Bylaws; and

- Based on CMA Board of Commissioners Resolution No. C.B.C 23-11 of 2013 passed in its meeting No. (11) of 2013 held on 3/7/2013, and based on Article (67) of Law No. (7) of 2010.

The Following Was Resolved

Article (1)
The license of Al-Shams Investment Company is hereby revoked and it is removed from the licensed persons register at the CMA.

Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. It shall come into force from the date of issuance in the Official Gazette. 

Sale Mubarak Al-Falah
Chairman, CMA Board of Commissioners

Issued on: 3/9/2013

Copy of the Official Document

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