Middle East Investment gets CMA nod to amend business profile

29/08/2017 Argaam

Saudi Arabia’s Capital Market Authority (CMA) has approved the Middle East Financial Investment Co.’s request to amend its business profile and stop providing agency services, the regulator said in a bourse statement.

 

Thus, the company is currently authorized to deal as a principal and an underwriter. It will also manage investment funds and discretionary portfolios, in addition to providing advisory and custody services.

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