Based upon the Capital Market Law issued by Royal Decree No. (M/30) dated 02/06/1424H and its Implementing Regulations, The Board of the Capital Market Authority issued its resolution to suspend all licenses granted to SaudiMed Investment Company to conduct Dealing, Managing Investments and Operating Funds, Arranging, Advising, and Custody activities in the securities business, due to the company incapability to meet capital adequacy requirements.
