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Title: Announcement Regarding the Conclusion of the Hand Over Period of the Clients’ Funds and Assets to them or to the Party that is Responsible to Hold, Manage or Safe-Keep them for Al-Mal Investment Company
Date Publish
25 November 2024
The Capital Markets Authority (CMA) announces the conclusion of the hand over period of the clients’ funds and assets to them or to the party that is responsible to hold, manage or safe-keep them for Al-Mal Investment Company.
This conclusion does not exempt Al-Mal Investment Company, Ms. Sara Nayef Al-Ateeqi – Vice Chairman of the Company’s Board of Directors, or the Company’s Board of Directors from any current or future legal responsibility related to the contracts signed with its clients or the process of handing over the clients’ funds and assets to them or to the party that is responsible to hold, manage or safe-keep them before Al-Mal Investment Company’s clients or third parties.
This conclusion, at any form, is not considered an approval by the CMA, or a basis for the validity of the process of handing over the clients’ funds and assets to them or to the party that is responsible to hold, manage or safe-keep them or for the conclusion of the work of Al-Mal Investment Company with its clients or third parties.
Moreover, this conclusion is not considered a discharge of the liability of Al-Mal Investment Company, Ms. Sara Nayef Al-Ateeqi – Vice Chairman of the Board of Directors, Board of Directors, Executive Management, or any person registered in a registered position or employment position at Al-Mal Investment Company.
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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