Taj Financial consulting Company for Securities Business, had requested Capital Market Authority to cancel the authorization which was issued by CMA Board of Commissioners under Resolution no. (2-60-2007) dated on 21/12/1428H, corresponding to 31st December 2007, to conduct the securities business of Arranging and Advising.

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 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 05/09/1431H, corresponding to 15/8/2010, the approval for cancellation of the authorization for Taj Financial consulting Company based on its request.