The Audit Bureau observed a violation in its audits of the accounts and records of Wafra International Investment Company for the financial year ended 31 December 2021, as the company violated Article (77) of Law 7 of 2010 regarding the establishment of the Capital Markets Authority, which stipulates that: Securities or units pertaining to Collective Investment Scheme shall not be managed or sold unless the scheme has been licensed by the Authority and published in the official gazette”. 
The “Audit Bureau” said that the company allowed the participation of 3 new investors into a subsidiary company (Project Green House) from first and third degree relatives of an executive manager, meaning that there was a conflict of interest. The Audit Bureau also made an observation that the Company failed to announce the placement of  “Project Green House” for public subscription, in violation of Article (77) of Law 7 of 2010, as well as the absence of any studies prepared by the company's risk management regarding allowing the subscription of new investors; in violation of the policies and procedures guidelines on related parties transactions.