Suspending Arba7 Brokerage
12/01/2023
The Financial Regulatory Authority Chairman
issued decision no. (2348) of 2022 on 27/12/2022 suspending Arba7 brokerage from
performing its licensed activity for thirty days or till removing it’s
attributed violation whenever is sooner, according to 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 dated on 28/06/2022.
Moreover, as received from FRA “that the
company has been informed with the decision on 11/ 01/2023”, Thereby this decision
will be applied starting from 12/01/2023 until 10/02/2023.
Knowing
that the company is now suspended by the Membership Committee's decision No (33)
of 2017 issued on 15/06/2017.