CmaBoardReleases
Title: Resolution No. (123) of 2017 Regarding the License Request Submitted by Azyan Capital for Practicing Securities Activities Pursuant to Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their Amendments
Having Perused:
- Law No. (7) of 2010 on the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws and their amendments; and
- The request of the securities activities license submitted by Azyan Capital; and
- CMA Board of Commissioners Resolution passed in its meeting No. (30) of 2017 held on 02/08/2017.
The Following Was Resolved
Article (1)
Azyan Capital is hereby licensed to practice the activity of Collective Investment Scheme Manager.
Article (2)
The license term of the mentioned Company is three years, starting from the issue date of CMA license certificate, after paying the required fee when obtaining the license. The Company shall pay the fee when renewing the license for any other term(s) pursuant to the provisions of Law No. 7 of 2010 and its Executive Bylaws and their amendments, and to CMA’s resolutions and regulations.
Article (3)
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.
Dr. Nayef Falah Al-Hajraf
Chairman of CMA Board of Commissioners
Issued on: 21/08/2017