Al Arabi Capital Saudi Arabia has requested CMA to cancel the authorization which was granted by the CMA Board of Commissioners under Resolution No. (8- 12- 2009) on 17/04/1430H, corresponding to 13th of April, 2009, in order for Al Arabi Capital Saudi Arabia to conduct the securities businesses of Dealing as Underwriter, Managing, Arranging, Advising, and Custody.
Based on the Capital Market Law issued by Royal Decree No. (M/30) on 02/06/1424H, and the Authorized Persons Regulations issued by CMA Board of Commissioners via its Resolution No. (1- 83- 2005) on 21/05/1426H, corresponding to 28th of June 2005, the CMA Board of Commissioners issued on Sunday, 11/05/1431H, corresponding to 25th of April, 2010, the approval for the cancellation of the authorization for Al Arabi Capital Saudi Arabia based on its request.
