Rasmala Investment Saudi Company requested the CMA’s approval to amend its business profile approved by CMA’s Board of Commissioners and decrease its capital.
The CMA Board of Commissioners issued a resolution approving the following:
1. Amending the business profile of Rasmala Investment Saudi Company to cancel Dealing as Principal, Agent, and Underwriter, Managing Investment Funds, Managing Client Portfolio and Custody activities. Rasmala Investment Saudi Company is now authorized to conduct: Arranging and Advising.
2. Decreasing capital of Rasmala Investment Saudi Company from SAR 85,000,000 to SAR 5,000,000.
