SAMA cancels the license of Khaled Salem Abdulaziz Exchange



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Due to the company's failure to comply with Article 14 (a),

The Saudi Monetary Agency (SAMA) announced the cancellation of the Khalid Salem Saleh Abdulaziz exchange trading license to carry out the class B trading activity in Riyadh.

In a statement, Sama explained 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. .

This decision is inscribed in the concern of protecting the Kingdom's foreign exchange sector and the commitment of all financial institutions to implement all regulatory requirements.

SAMA cancels the license of Khaled Salem Abdulaziz Exchange


previously

The Saudi Monetary Agency (SAMA) announced the cancellation of the Khalid Salem Saleh Abdulaziz exchange trading license to carry out the class B trading activity in Riyadh.

In a statement, Sama explained 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. .

This decision is inscribed in the concern of protecting the Kingdom's foreign exchange sector and the commitment of all financial institutions to implement all regulatory requirements.

February 21, 2019 – Jumada Al-Akhirah 1440

The time now is 15:37 PM


Due to the company's failure to comply with Article 14 (a),

The Saudi Monetary Agency (SAMA) announced the cancellation of the Khalid Salem Saleh Abdulaziz exchange trading license to carry out the class B trading activity in Riyadh.

In a statement, Sama explained 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. .

This decision is inscribed in the concern of protecting the Kingdom's foreign exchange sector and the commitment of all financial institutions to implement all regulatory requirements.

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