CMA LAW: Resolution No. (62) of 2016 Regarding Revoking the Securities Activities License of Gulf Investment Corporation and Removing it from 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 their amendments; and

- Based on the request of Gulf Investment Corporation to revoke all securities activities, and remove its name from licensed persons register at the CMA; and

- Based on CMA Board of Commissioners Resolution No. (C.B.C 11-14 of 2013) passed in its meeting No. (14) of 2013 held on the 27/08/2013 concerning the amendment of the Articles of Association of Gulf Investment Corporation; and

- Based on CMA Board of Commissioners Resolution No. (44) of 2015 passed in its meeting No. (18) of 2015 held on 3/6/2015 on delegating some competences of the Supervision Sector.

The Following Was Resolved

Article (1)
The securities activities license of Gulf Investment Corporation 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 its issuance, and it shall be published in the Official Gazette. 

Mohammad Sulaiman Almarzouq 
Head of Supervision Sector 

Issued on: 28/6/2016   

Copy of the Official Document

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