CMA suspends asset manager for 60 days

18/05/2017 Argaam

The Capital Market Authority (CMA) on Wednesday suspended United Financial House Co. for 60 days from providing investment fund management, discretionary portfolio management, and custody services.

 

The suspension came as the company failed to comply with the fulfillment of paid-up capital requirements, the Kingdom’s market regulator said in a statement to Tadawul. 

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