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SAMA has announced the cancellation of the Khalid Salem Saleh Abdulaziz exchange trading license allowing it to carry out its Class B exchange activities in its main office in Riyadh.
Sama explained in a statement that the decision to revoke the license was due to the entity's non-compliance with Article 14 (a) of the rules governing the conduct of foreign exchange transactions issued by the Minister of Finance.
She pointed out that this decision was inscribed in the concern of the Saudi Monetary Agency to protect the foreign exchange sector in the Kingdom.
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