Cancellation of Authorisation to Saudi Pioneers Securities Company

Saudi Pioneers Securities Company has requested CMA to cancel the authorisation which was issued by the Board of Commissioners under Resolution no. No. 4-216-2006 dated on 11/11/1427H, corresponding to  2/12/2006 and Resolution No. 4-25-2008 dated on 4/7/1429H, corresponding 7/7/2008, to conduct securities business of Dealing as (principal, agent, and 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 Authorised 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 on 10/1/1431H, corresponding to 27/12/2009, under Resolution No. 7-33-2009, the approval for cancellation of the Authorisation of Saudi Pioneers Securities Company based on its request.