​JPMorgan Saudi Arabia Ltd. Company had requested the approval to amend its business profile by cancelling its Investment Fund Management and Discretionary Portfolio Management activities and increase its capital from SAR 78,750,000 to SAR 93,750,000.

The CMA Board of Commissioners issued a resolution approving the amendment of the Business Profile of JPMorgan Saudi Arabia Ltd. Company by cancelling its Investment Fund Management and Discretionary Portfolio Management activities. JPMorgan Saudi Arabia Ltd. Company is now authorized to conduct Dealing as Principal, Agent, Underwriter, Arranging, Advising, and Custody and to increase its capital from SAR 78,750,000 to SAR 93,750,000.