The Capital Markets Authority (CMA) issued Resolution No. (116) of 2023 Regarding the Renewal of the Securities Activities License for Wafrah International Investment Company to practice the following activities: Portfolio Manager, Investment Advisor, Collective Investment Scheme Manager, and Subscription Agent. This license is valid for a period of three years, renewable, starting from 31 August 2023. CMA also instructed that all concerned bodies shall execute this resolution, each within its jurisdiction, indicating that this resolution shall come into force from the date of its issuance on 31 July 2023, and it shall be published in the Official Gazette. CMA based this resolution on Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, its Executive Bylaws, and amendments thereto, the license certificate for securities activities issued to Wafrah International Investment Company, No. (AP/2014/0006), dated 31 August 2020, and the application of Wafrah International Investment Company to renew the license for securities activities with the CMA, as well as Resolution No. (24) of 2023 regarding the amendment of the approval authorizations for the Supervision Sector's procedures, issued on 12 February 2023.