Title: Resolution No. (145) of 2024 Regarding the Registration of Watani Investment Company in the Register of Securities-Based Fintech Services at the CMA to Provide the Digital Financial Advisory Service

Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its Executive Bylaws, and amendments thereto; and
- Resolution No. (181) of 2023 Regarding the Launch of the Initial Implementation Phase of Module Nineteen (Financial Technologies) 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 issued on 28/12/2023; and
- The license certificate for securities activities of Watani Investment Company No. (AP/2014/0010); and
- Based on the approval of the CMA issued on 01/04/2024 for Watani Investment Company to undergo a regularization process according to the provisions of CMA’s Resolution No. (181) of 2023; and
- The application of Watani Investment Company to include the service of Digital Financial Advisory to its existing of Investment Advisor license and to be registered in the register of Securities-Based Fintech Services at the CMA; and
- The approval authorizations of some procedures of the Financial Technologies Unit approved by the CMA Board of Commissioners Resolution in its meeting No. (39) of 2023 held on 27/12/2023. 

The Following Was Resolved
Article (1)
Watani Investment Company is hereby registered in the register of Securities-Based Fintech Services at the CMA to Provide the Digital Financial Advisory Service.

Article (2)
The concerned bodies shall execute this Resolution, each within its jurisdiction. This Resolution shall come into force from the date of its issuance, and it shall be published in the Official Gazette.

Zeyad Al-Fulaij 
Head of Supervision Sector
Issued on: 24/10/2024.

Copy of the Official Document