CmaBoardReleases
Title: Resolution No. (92) of 2017 Regarding Renewal of the Securities Activities License of Wafra International Investment Co. 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
- The securities activities license certificate of Wafra International Investment Co. No. “AP/2014/0006” issued on 03/09/2014; and
- Based on the request of Wafra International Investment Co. dated 31/05/2017 to renew the license of the securities activities at the CMA; and
- Based on CMA Board of Commissioners Resolution No. (44) of 2015 passed in its meeting No. (18) of 2015 held on 03/06/2015 on delegating some of the Supervision Sector’s competences; and
- Based on CMA Board of Commissioners Resolution No. (7-17) of 2017 passed in its meeting No. (17/2017) held on 25/04/2017 on appointing a deputy for the head of Supervision Sector in case of his absence by authorizing him of the same competences of the head of the Supervision Sector mentioned in Resolution No. (44) of 2015.
The Following Was Resolved
Article (1)
The securities activities license of Wafra International Investment Co. at the CMA is hereby renewed for practicing the following activities:
- Investment Portfolio Manager
- Collective Investment Scheme Manager
- Investment Advisor
- Subscription Agent
- Securities Broker not registered with an Exchange
The license is for three years renewable after paying the prescribed fees.
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.
Mubarak Alrefaei
Acting Head of Supervision Sector
Issued on: 21/06/2017