Thara Financial Consulting had requested CMA to cancel the authorization which was issued by the CMA Board of Commissioners under Resolution No. (4-12-2009) on17/4/1430H, corresponding to 13th April 2009 to conduct the securities businesses of Arranging and Advising.

Based on the Capital Market Law issued by Royal Decree No. (M/30) on 02/06/1424H, and the Authorised Persons Regulations issued by the CMA Board of Commissioners via its Resolution No. (1- 83- 2005) on 21/05/1426H, corresponding to 28th June 2005, the CMA Board of Commissioners issued on today, Tuesday 18/6/1431H, corresponding to 1st June 2010,  via its Resolution No. (8-16-2010) the approval for the cancellation of the authorization for Thara Financial Consulting based on its request