The Capital Markets Authority (CMA) has issued Decision No. (130) of 2025, granting Watani Investment Company (NBK Capital) preliminary approval to obtain a license to operate as a Qualified Securities Broker registered on the stock exchange.

This move comes as part of the CMA’s ongoing efforts to update and enhance the range of licensed activities available to companies operating in the financial market.

The preliminary approval is valid for six months, starting from July 10, 2025, and expiring on January 8, 2026, during which the company must fulfill all standards and requirements set by the Authority.

The decision also includes modifying the company’s current license by canceling the activity of "Securities Broker Registered on the Stock Exchange" and replacing it with the new licensed activity. Additionally, the job titles of registered personnel will be updated to reflect the new designation: "Representative of Qualified Securities Broker Activity Registered on the Stock Exchange."