Under its resolution No. 7-31-2009, the CMA Board of Commissioners issued today Sunday 27/11/1430H corresponding to 15/11/2009 its decision to revoke the license granted to Corporate Finance House Financial Consultancy based on the Capital Market Law issued by the Royal Decree No. (M/30) dated on 02/06/1424H, and the Authorized Persons Regulations issued by CMA Board of Commissioners on their Resolution No. 1-83-2005 dated on 21/5/1426H corresponding to 28/6/2005.

The CMA had authorized Corporate Finance House Financial Consultancy to conduct Arranging and Advising in the securities business under resolution No. 3-30-2008 dated 1/9/1429H corresponding to 1/9/2008, with stipulated requirements and conditions to be satisfactorily fulfilled prior to commencing the business.

Corporate Finance House Financial Consultancy has not fulfilled the requirements and conditions under resolution No. 3-30-2008 dated 1/9/1429H corresponding to 1/9/2008, and thus is not in a position to commence the business.