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Title: Resolution No. (71) of 2021 Regarding Renewal of the Securities Activities License of Al Madar Finance & Investment Company at the CMA
Date Publish
24 June 2021
Having Perused:
- Law No. (7) of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and their amendments; and
- The securities activities license certificate of Al Madar Finance & Investment Company No. (AP/2015/0018) issued on 03/08/2018; and
- Based on the application submitted by Al Madar Finance & Investment Company to renew the license of the securities activities at the CMA; and
- Resolution No. (22) of 2021 regarding amending the authorizations of the Supervision Sector’s procedures issued on 04/03/2021.
The Following Was Resolved
Article (1)
The securities activities license of Al Madar Finance & Investment Company at the CMA is hereby renewed for practicing the following activities:
- Investment Advisor.
- Investment Portfolio Manager.
The license is valid for three renewable years, after paying the prescribed fees, starting from 03/08/2021.
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: 24/06/2021
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