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Title: Announcement Regarding Expiration of the Preliminary Approval Period for the Incorporation of a Company that Practices Securities Activities
Date Publish
07 April 2025
The Capital Markets Authority (CMA) announces the expiration of the preliminary approval period granted for the founders of a company under incorporation on 06/04/2025 pursuant to Resolution No. (134) of 2024 Regarding Granting Preliminary Approval for the Incorporation of a Closed Company to Practice Securities Activities issued on 07/10/2024 who are as follows:
|
No. |
Name |
Ownership |
Nationality |
|
1 |
WB Mena Holding Limited
|
84% |
UAE |
|
2 |
Seldon Investments Limited (Jordan) Private Shareholding |
4% |
Jordan |
|
3 |
Seldon Investments Limited |
4% |
British Virgin Islands
|
|
4 |
Windsor Brokers International Ltd
|
4% |
Seashells |
|
5 |
Windsor Global Markets Ltd
|
4% |
British Virgin Islands
|
Accordingly, the request of the securities activities license submitted by the founders of the Company mentioned above is considered null and void as of the expiry date of the preliminary approval on 06/04/2025 in accordance with the provision of Article 1-7 of Module Five (Securities Activities and Registered Persons) of the Executive Bylaws of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and their amendments which stipulates:
“…
If the applicant fails to submit the required information and documents within the period stipulated in writing by the Authority without an excuse acceptable to the Authority, the application shall be deemed to have been withdrawn.”
Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.
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