CmaBoardReleases
Title: Resolution No. (18) of 2025 Regarding the Renewal of the Securities Activities License for KFIC Brokerage Company
Having Perused:
- Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and amendments thereto, and
- The securities activities license certificate for KFIC Brokerage Company No. (AP/2013/0005) issued on 13/04/2022, and
- The application of KFIC Brokerage Company to renew the securities activities license with the CMA, and
- Based on Resolution No. (04) of 2025 regarding the amendment of the approval authorizations for the Supervision Sector's procedures, issued on 12/01/2025.
The Following Was Resolved:
Article (1)
The securities activities license of KFIC Brokerage Company with the CMA for practicing the activity of Securities Broker Registered with an Exchange is hereby renewed for a period of three years, renewable, effective from 11/04/2025.
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.
Fahed Al-Fadli
Acting Head of Supervision Sector
Issued on: 28/01/2025.