Cancellation of Authorization to Rawasi Financial Solutions

Rawasi Financial Solutions had requested CMA to cancel the authorization which was issued by CMA Board of Commissioners under Resolution no.(10-38-2008) on 26/11/1429H , corresponding to 24th November,2008 to conduct securities business of Arranging and Advising. 

Based on the Capital Market Law issued by Royal Decree No.(M/30) on 2/6/1424H, and the Authorised Persons Regulations issued by CMA Board of Commissioners via its Resolution No. 1-83-2005 on 21/5/1426H corresponding to 28th June 2005, the CMA Board of Commissioners issued on Sunday 26/04/1431H corresponding to April 11th, 2010 the approval of cancellation of the authorization for Rawasi Financial Solutions based on its request.