As part of efforts to enhance financial brokerage activities, the Capital Markets Authority (CMA) has granted Al- Tijari Financial Brokerage Company (CBK Brokerage) preliminary approval to operate as a "Qualified Securities Broker Registered on the Stock Exchange."

According to the decision, the preliminary approval is valid for six months—starting from July 6, 2025, until January 5, 2026—and is subject to renewal. During this period, the company must fulfill the regulatory requirements and standards set by the CMA.

The decision also includes an amendment to the company’s existing license, revoking its current authorization as a "Securities Broker Registered on the Stock Exchange" and replacing it with a license for a "Qualified Securities Broker Registered on the Stock Exchange." Additionally, the titles of registered personnel will be updated to "Representative of a Qualified Securities Broker Registered on the Stock Exchange," pending fulfillment of the necessary regulatory conditions.

The CMA emphasized that all relevant parties must implement the provisions of the decision as of its issuance date, with the resolution to be published in the official gazette.