Suspension of Anfal Capital Company Securities Business License

Tuesday, March 10, 2020 at 3:55 PM

Tue Mar 10, 2020 15:55

The CMA Board of Commissioners issued its resolution to suspend the license granted to Anfaal Capital Company for securities to conduct Dealing as Principal, Investment Fund Management, Discretionary Portfolio Management, Arranging, Advising and Custody activities in the securities business for twelve months due to the company incapability to be fit and proper to carry out the securities business which it is authorised to carry out at all times, and to its violations of the Capital Market Law and its implementing regulations.