Regulatory Alerts2011-01-01
Decision No. 61 of 2011 Prohibiting Al-Noaim Real Estate Financing Company from Conducting Business
The Financial Regulatory Authority issued Decision No. 61 of 2011 to formally prohibit Al-Noaim Real Estate Financing Company from conducting its licensed business activities. This regulatory measure suspends the company's operational license, effectively barring it from engaging in real estate financing operations. The directive mandates immediate compliance and establishes the legal basis for enforcing the business suspension across all relevant financial markets.
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