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Published on the same date

CMA approves the withdrawal of the Financial Technology Experimentation Permit t granted to Sarwa to test the Robo-Advisory service upon the company’s request

​Based on the Capital Market Law issued by Royal Decree No. (M/30) dated 06/02/1424 AH and its implementing regulations and the Financial Technology Experimentation Permit instructions issued by the Board of the Capital Market Authority, the Board of the Capital Market Authority issued its decision approving the cancellation of the Financial Technology Experimentation Permit granted to Sarwa to test the Robo-Advisory service in the FinTech Lab, upon the company's request.