CMA licenses three security firms

In continuance with its efforts to develop and support investors in the capital markets, the Capital Market Authority (CMA) authorized the following three firms on Monday 4/07/1429H, corresponding to 7th July, 2008:


1.       Adeem Financial Company has been authorized to conduct Managing and Custody in the Securities Business.


2.       ِAjeej Capital Limited has been authorized to conduct Advising in the Securities Business.


3.       UBS Saudi Arabia has been authorized to conduct securities business of Dealing (as principal, agent & underwriter), Managing, Advising, Arranging and Custody, which has subsequently resulted in CMA approving the request of Development and Management House for Investment Company to cancel its authorization license.