Whereas Emaar Saudi Financial Services (under formation) was authorized to conduct Dealing as principal, agent & Underwriter, Managing, Arranging, Advising & Custody in the securities business on 23/3/1429 H corresponding to 31st March, 2008, prior to the formation of the Company, all the partners have jointly requested to cancel the Authorisation and disengage.
With reference, to 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 on their Resolution No. 1-83-2005 dated on 21/5/1426H corresponding to 28th June, 2005, and based on Article 12c. of the same Regulations, the CMA Board of Commissioners issued today Monday 14/02/1430H corresponding to 9th February, 2009 the approval of cancellation of the Authorisation of Emaar Saudi Financial Services.
