Suspension of United Financial House Company Securities Business License

Tuesday, May 07, 2019 at 3:35 PM

Tue May 7, 2019 15:35

Further to the CMA's announcement dated 05/01/1439H corresponding to 25/09/2017G regarding suspension of the license granted to United Financial House Company to conduct Dealing as Principal, Investment Fund Management, Discretionary Portfolio Management, Custody activities for Twelve months for continuing not to comply with the continuous obligation of paid-up capital requirements.
The CMA Board of Commissioners issued a resolution to suspend the license granted to United Financial House Company to conduct Dealing as Principal, Investment Fund Management, Discretionary Portfolio Management, Custody activities for a period of 12 months as of the date of the aforementioned resolution for continuing not to comply with the continuous obligation of paid-up capital requirements.