The Capital Markets Authority (CMA) has issued Decision No. (142) of 2025, granting Al-Zad Company for Financial and Economic Consultations preliminary approval to license securities activities including:

• Investment Advisor
• Securities Broker not registered on the Stock Exchange

The preliminary approval is valid for six months, starting July 22, 2025, until January 21, 2026, and is renewable, pending the company’s full compliance with the CMA’s criteria and requirements.

The decision further states that a final license valid for three years, renewable, will be issued upon completion of all specified requirements and payment of the applicable fees. The license shall be effective from the date of issuance of the official license certificate by the CMA.