Cancellation of Authorization to KPMG Financial Advisory Company

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.