Merrill Lynch KSA had requested the CMA to amend its current Business Profile, which was licensed by the CMA’s Board of Commissioners under Resolution No. (8-31-2007) dated on 26/5/1428H, corresponding to June 12, 2006.
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 Monday, 9/7/1431H corresponding to June 21st , 2010, the approval to amend Business Profile of Merrill Lynch KSA to now include conducting of the securities business activities of: Dealing as Principal, as Agent and as underwriter, Managing, Arranging, Advising, and Custody.
