The Exchange Experts for Financial Services was licensed by the CMA to provide advisory services in the field of securities, in pursuance to the CMA Board resolution No. (2007-7-2) dated 12/1/1428H, corresponding to 31/1/2007. A condition of the license was that securities business should commence within twelve months of the license being granted.  .

The above mentioned company having failed to commence operations in the required period it is decided by the CMA Board this day, Monday 18/2/1429H, corresponding to 25/2/2008, to revoke the license which was granted to the company.  The decision was made pursuant to the Capital Market law which is promulgated by the Royal Decree No. (M/30), dated 2/6/1424H, and the APs regulations issued by the CMA Board under resolution No. 2005-83-1 dated 21/5/1426H, corresponding to 28/6/2005.