Cancellation of Authorization to Prudential Jazirah Asset Management Company (under formation)

Prudential Jazirah Asset Management Company (under formation), has requested CMA to cancel the authorization which was issued by the Board of Commissioners by Resolution no.3-13-2008 dated on 23-3-1429H, corresponding to 31-3-2008, to conduct Managing, Advising and Custody.  And based on the Capital Market Law issued by the Royal Decree No. (M/30) dated on 2/6/1424H, and the Authorized Persons Regulations issued by CMA Board of Commissioners on their Resolution No. 1-83-2005 dated on 21/5/1426H corresponding to 28th June, 2005, and based on Article 12c. of the same Regulations, the CMA Board of Commissioners issued today Monday 24/04/1430H corresponding to 20th April, 2009 the approval for cancellation of the Authorization of Prudential Jazirah Asset Management Company.