Cancellation of Authorization to Gulf Financial Services Company

Gulf Financial Services Company has requested CMA to cancel the authorization which was issued by CMA Board of Commissioners under Resolution no. (9-42-2007) dated on 01/08/1428H, corresponding to 14/08/2007, to conduct securities business of Arranging and Advising.

Based on the Capital Market Law issued by the Royal Decree no. (M/30) on 2/6/1424H, and the Authorized Persons Regulations issued by CMA Board of Commissioners on its Resolution No. (1-83-2005) on 21/5/1426H corresponding to 28/6/2005, the CMA Board of Commissioners issued on 09/02/1431H, corresponding to 24/01/2010, under Resolution no. (3-5-2010), the approval for cancellation of the authorization of Gulf Financial Services Company based on its request.