The Permission of the FinTech experiment granted to Madkhol Company to test Robo Advisory Service, 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 Experiment Permit instructions issued by the Board of the Capital Market Authority, The Capital Market Authority announces that Madkhol Company has completed the commencements of business requirements to experiment the granted financial technology permit in relation to test offering Robo Advisory service pursuant to the decision of the CMA's Board of Directors dated 04/08/2021G.