BMG Financial Group had requested the CMA to cancel the securities business activities of Dealing, Managing and Custody from its current Business Profile, which was issued by CMA’s  Board of Commissioners under Resolution no. 2-13-2007 dated on 15/2/1428H, corresponding to March 5th 2007.

Based on the Capital Market Law issued by the Royal Decree No. (M/30) on 2/6/1424H, and the Authorised Persons Regulations issued by the 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, 23/6/1431H corresponding to 6th June, 2010, the revised Business Profile of BMG Financial Group for it to conduct the securities business activities Arranging and Advising  only.