The Permission of the FinTech Experiment granted to Malaa Financial Technology for Securities Business Company to test Robo-Advisory, and its completion of the commencement of business requirements

​Based on the Capital Market Law issued by Royal Decree No. (M/30) dated 06/02/1424 AH, its implementing regulations, and the Financial Technology Experimental Permit instructions issued by the Board of the Capital Market Authority, The Capital Market Authority announces that to Malaa Financial Technology for Securities Business Company has completed the commencements of business requirements to experiment the Financial Technology permit in relation to Robo-Advisory pursuant to the decision of CMA's Board of Directors dated 20/04/2022G.