The Capital Markets Authority has announced that Middle East Financial Brokerage Company has been granted preliminary approval for a license to operate as a Qualified Securities Broker Registered on the Stock Exchange.

The Authority clarified that the preliminary approval is valid for six months, starting from July 6, 2025, until January 5, 2026, and is renewable. This period is granted to allow the company to fulfill the requirements and standards set by the Authority.

According to the decision, the company will be granted a final license upon completion of all requirements outlined in the preliminary approval letter. This includes amending the current licensed activity by canceling the "Registered Securities Broker" activity and adding the "Qualified Registered Securities Broker" activity, as well as changing the job titles of registered individuals to "Representative of Qualified Securities Broker Activity Registered on the Stock Exchange", in accordance with official procedures.