CIB and Halan approved for fund subscriptions

The General Authority for Financial Supervision has issued two decisions approving the granting of licenses to Commercial International Securities Brokerage and Halan Financial Brokerage to carry out the activity of receiving and executing purchase and redemption transactions for open-ended investment fund units. The approval was granted based on both companies meeting the necessary requirements, and the licenses became effective from their date of issuance. The competent departments have been instructed to implement their provisions. The aim of the decision is to organize and improve the subscription processes in investment funds through licensed companies.

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