End of Client Funds and Assets Distribution Period for "Al Madina for Finance and Investment"

تم النشر على almowazi.com في 27 مارس 2025
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The Capital Markets Authority announced the end of the period for delivering client funds and assets to them or to those associated with their custody, management, or safekeeping from Al Madina for Finance and Investment Company.

It was indicated that the end of the period does not exempt Al Madina for Finance and Investment or Saleh Nasser Saleh Al-Saleh, Vice Chairman of the company, or its Board of Directors from any current or future legal responsibility related to contracts concluded with their clients or regarding the process of delivering client funds and assets to them or to those related to their custody, management, or safekeeping concerning clients of Al Madina for Finance and Investment or others.

The end of the period, in any way, does not imply an endorsement by the Capital Markets Authority or a validation of the process of delivering client funds and assets to them or to related parties concerning their custody, management, or safekeeping or the termination of Al Madina for Finance and Investment's dealings with its clients or with others.

Therefore, the end of the period is not considered an absolution for Al Madina for Finance and Investment or Saleh Nasser Saleh Al-Saleh, Vice Chairman of the Board, or its Board of Directors, executive management, or any individual registered in a position or function required to be registered with Al Madina for Finance and Investment.

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