The Capital Markets Authority (CMA) issued Resolution No. (147) of 2024 granting KIB Invest Company initial approval to license the activity of a securities broker not registered on the stock exchange.
This approval is valid for a period of six months, renewable, starting from October 31, 2024, and ending on April 30, 2025, to meet the criteria set by the Authority.
It decided that the company would be licensed in this resolution after completing the requirements referred to in the initial approval letter issued by the Authority, for a period of three years, renewable from the date of issuance of the Authority's license certificate and after paying the prescribed fee.