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 Banaa AlTharawat for
Investment Company has completed the commencement of business requirements to
experiment the Financial Technology permit in relation to test Investment and
Real Estate Funds Distribution Platform pursuant to the
decision of CMA's Board of Directors dated 13/06/2023G.
