The Permission of the FinTech experiment granted to Drahim Company to test Robo-Advisory Platform, 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 Drahim Company has completed the commencement of business requirements to experiment the Financial Technology permit in relation to test Robo-Advisory Platform pursuant to the decision of CMA's Board of Directors dated 26/12/2022G.

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The Permission of the FinTech experiment granted to Drahim Company to test Robo-Advisory Platform, and its completion of the commencement of business requirements.