​As part of CMA's responsibility to supervise, regulate, and develop credit rating activities in the Kingdom, further to its announcement dated 21/9/1436H corresponding to 8/7/2015G, regarding the CMA starting receiving applications to conduct credit rating activity and based on the related provisions set out in the Credit Rating Agencies Regulation, the CMA Board of Commissioners has  issued its resolution authorizing "SIMAH Rating Agency" –Under Formation- to conduct credit rating activites. The commencement of business shall be subject to fulfilling the requirements set out in the said resolution and accordingly obtaining a commencement letter from the CMA.