The Capital Markets Authority (CMA) has issued Resolution No. (116) of 2025, granting Kfic Financial Brokerage Company a preliminary approval to obtain a license to operate as a Qualified Securities Broker registered on the Stock Exchange.

According to the resolution, the approval is valid for six months, renewable, starting from July 6, 2025, and ending on January 5, 2026, during which the company must fulfill all regulatory standards and requirements set by the Authority.

The resolution also stipulates an amendment to the company's existing license by canceling the activity of "Registered Securities Broker 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 updated to “Representative of a Qualified Securities Broker registered on the Stock Exchange” after meeting all required conditions.

Article Three of the resolution emphasizes the obligation of all relevant parties to implement the provisions of the decision in accordance with approved legal frameworks.