United Financial House’s activities halted by CMA on noncompliance

25/09/2017 Argaam

The Saudi market regulator, the Capital Market Authority (CMA) has suspended United Financial House Company from managing investment funds as well as discretionary portfolios, dealing as a principal, and performing custody activities for 12 months, due to not fulfilling the paid-up capital requirements.

 

In May, the CMA suspended the company’s activities for 60 days, the CMA said in a statement.

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