SWIP Saudi Asset Management had requested CMA to cancel the authorization which was issued by the CMA Board of Commissioners under Resolution No. (7-20-2008) dated on 14/5/1429H, corresponding to 19th May 2008, to conduct the securities businesses of Managing, Advising and Custody. ِ
Based on the Capital Market Law issued by Royal Decree No. (M/30) dated on 2/6/1424H, and the Authorised Persons Regulations issued by the CMA Board of Commissioners via its Resolution No. (1-83-2005) dated on 21/5/1426H 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. (7-16-2010) the approval for the cancellation of the authorization for SWIP Saudi Asset Management based on its request.
