The Capital Markets Authority (CMA) announced that it has granted KFH Financial Brokerage Company (KFH Brokerage) preliminary approval to obtain a license to operate as a Qualified Securities Broker registered at the Stock Exchange.

According to the issued decision, the preliminary approval is valid for six months, renewable, from July 6, 2025, to January 5, 2026, to allow the company to complete all regulatory requirements and standards set by the Authority.

The decision also includes amending the company’s existing license by canceling the activity of “Registered Securities Broker at the Stock Exchange” and adding the activity of “Qualified Securities Broker registered at the Stock Exchange.”

Additionally, the job titles of registered personnel will be updated to “Representative of Qualified Securities Broker Activity registered at the Stock Exchange” once the requirements of the preliminary approval are fulfilled.