The Capital Markets Authority (CMA) has issued Decision No. (113) of 2025 regarding the licensing application submitted by Al-Sharq Financial Brokerage Company to conduct securities activities.

The company has been granted preliminary approval for a license to operate as a Qualified Securities Broker Registered on the Stock Exchange.

This approval is valid for a period of six months, starting from July 6, 2025, and ending on January 5, 2026, and may be renewed. It is conditional upon fulfilling the standards set by the Authority.

The company will be granted the final license after completing the requirements outlined in the preliminary approval letter issued by the Authority. This will involve amending the existing licensed activity by canceling the activity of “Securities Broker Registered on the Stock Exchange” and adding the activity of “Qualified Securities Broker Registered on the Stock Exchange.”

Additionally, the titles of registered individuals will be changed from “Representative of Securities Broker Activity Registered on the Stock Exchange” to “Representative of Qualified Securities Broker Activity Registered on the Stock Exchange.”