Cancellation of Authorization to Addax Securities Saudi Arabia

Addax Securities Saudi Arabia has requested CMA to cancel the authorization which was issued by the Board of Commissioners under Resolution no.7-13-2008 dated  23/3/1429H, corresponding to 31/3/2008, to conduct securities business of Dealing as Principal, as Agent, and as Underwriter, Managing, Arranging, Advising and Custody.  ِBased on the Capital Market Law issued by the Royal Decree No. (M/30) on 2/6/1424H, and the Authorized Persons Regulations issued by CMA Board of Commissioners on their Resolution No. 1-83-2005 on 21/5/1426H corresponding to 28/6/2005, the CMA Board of Commissioners issued today Sunday 10/1/1431H, corresponding to 27/12/2009 the approval for cancellation of the Authorization of Addax Securities Saudi Arabia based on its request.