KPMG Financial Advisory Company, had requested Capital Market Authority to cancel the authorization which was issued by the CMA Board of Commissioners under Resolution no. 7–11-2008 dated on 3/3/1429H, corresponding 11/3/2008, to conduct the securities business of Arranging and Advising.

Based on the Capital Market Law issued by the Royal Decree No. (M/30) dated on 2/6/1424H, and the Authorised Persons Regulations issued by 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 today Sunday 5/9/1431H, corresponding to 15/8/2010 ,the approval for cancellation of the Authorization for KPMG Financial Advisory Company based on its request.