Reactivating Samba Tadawol Misr Brokerage
28/08/2018
Reference to the Financial Regulatory Authority Chairman decision no. (886) for the year 2018 on 26/07/2018 suspending Samba Tadawol Misr Brokerage from performing its licensed activities for thirty days, as per article no. (30) of the Capital Market Law no. (95) For the year 1992 and this is for not removing its attributed violations mentioned in the warning on 12/09/2017.
And according to what we received from FRA; that the company has removed its attributed violations mentioned in the decision above, and the FRA's Chairman agreed to decrease the company’s suspension period to be fifteen days instead of thirty days.
So, Samba Tadawol Misr Brokerage will resume its operations starting from 29/08/2018 and what has been implemented regarding FRA's decision no. (886) for the year 2018 is enough.