CMA LAW: Resolution No. (32) of 2023 Regarding Renewal of the Securities Activities License of Boubyan Bank

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 Boubyan Bank No. (AP/2017/0005) issued on 15/05/2020; and
- The application submitted by Boubyan Bank to renew the license of the securities activities at the CMA; and 
- Based on Resolution No. (24) of 2023 regarding amending the approval authorizations of the Supervision Sector’s procedures issued on 12/02/2023.

The Following Was Resolved

Article (1)
The securities activities license of Boubyan Bank at the CMA is hereby renewed for practicing the activity of Subscription Agent.
The license is valid for three renewable years as of 15/05/2023. 

 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.

Fahed Abdullah Al-Fadli 
Acting Head of Supervision Sector 
Issued on: 12/03/2023.

Copy of the Official Document

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