CMA permits Stake Financial Technology to test investment, real estate funds distribution platform

24/07/2024 Argaam

CMA permits Stake Financial Technology to test investment, real estate funds distribution platform

Logo of The Capital Market Authority (CMA)

The Capital Market Authority (CMA) announced that Stake Financial Technology Co. has completed the commencement of business requirements to experiment the Financial Technology permit in relation to testing its investment and real estate funds distribution platform, pursuant to the market regulator’s board decision dated June 13, 2023.

 

This came based on the Capital Market Law, its executive regulations, and the Financial Technology Experimental Permit instructions issued by the CMA's board.

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