CMA cancels Rana Investment’s license to conduct securities business

23/10/2017 Argaam

Saudi Arabia's Capital Market Authority (CMA) approved on Monday Rana Investment Co.’s request to cancel its license as a provider of securities services, the market regulator said in a statement.

 

Rana’s services include dealing as principal, underwriting, investment fund management, discretionary portfolio management, arranging, advising and custody.

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