Regulatory Alerts2022-01-01
Financial Regulatory Authority Board Resolution No. 131 of 2022 Renewing the Voluntary Suspension Period for Al-Suwaidi Capital's Securities and Investment Fund Activities for a Third Year
The Financial Regulatory Authority issued Board Resolution No. 131 of 2022 on September 27, 2022, extending the voluntary suspension of Al-Suwaidi Capital’s securities portfolio management and investment fund activities for a third year. Grounded in Article 33 of the Capital Market Law, the resolution formally extends the company's operational pause following prior suspensions in 2020 and 2021. It takes effect the day following issuance, requires publication on stock exchange screens and the Authority’s website, and mandates implementation by all relevant regulatory bodies.
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