The Capital Markets Authority (CMA) issued decision No. (12) for the year 2025 regarding the revocation of the license for certain securities activities of Kfic Financial Brokerage Company and the amendment of the list of activities covered by the license in the register of licensed persons.

The authority revealed that the law includes in Article One the revocation of the unregistered securities broker license for Kfic.

Additionally, it modifies the list of activities covered by the license in the register of licensed persons with the Capital Markets Authority.

It added that according to Article Two, the company remains a licensed entity for the remaining securities activities covered by the license and recorded in the register of licensed persons according to the license issued to it by the Capital Markets Authority.

Article Three states that the company complies with all legal obligations imposed under Law No. (7) of 2010 concerning the establishment of the Capital Markets Authority and the regulation of securities activities and its executive regulations and amendments, for the period prior to the enforcement of this decision.

It was noted that the competent authorities should implement this decision as per their responsibilities, effective from the date of its issuance and published in the official gazette. This was included in Article Four of the authority's decision.