CMA permits Al-WAA for Financial Technologies to experiment robo advisory

05/02/2025 Argaam
Logo of Capital Market Authority (CMA)

Logo of Capital Market Authority (CMA)

The Capital Market Authority (CMA) announced that Al-WAA for Financial Technologies has completed the commencement of business requirements to experiment the financial technology (fintech) permit in relation to robo advisory.

 

The completion of requirements is in line with CMA's board decision dated April 5, 2023.

 

For more news on listed companies

 

The step comes in line with the Capital Market Law, its executive regulations, and the Financial Technology Experimental Permit instructions issued by the CMA board.

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