The Capital Market Authority (CMA) encourages investors in securities to deal only with Capital Market Institutions.
The CMA would like to remind investors in securities to make sure that their dealings in securities are carried out by a person authorized by the CMA, and to not deal with any unauthorized persons, whether individuals or institutions, as they are not permitted to collect money or provide any services or products related to securities in Saudi Arabia, including dealing in securities, managing securities in circumstances involving the exercise of discretion, introducing parties in relation to securities business, advising on corporate finance business or otherwise acting to bring about a deal in a security transaction, advising a person on the merits of a security or exercising any right to deal conferred by a security etc.
The CMA would also like investors to be aware that any contractual agreements that result in the practice of securities business by a person not authorized by the CMA to conduct such business in the Kingdom are considered to be void.
In instances where investors are approached by a party that claims to be a person authorized by the CMA, or an individual who claims that he/she represents a Capital Market Institutions, investors can verify the identity of such party or individual with the CMA. Moreover, the list of persons authorized by the CMA to conduct securities business in Saudi Arabia can be found through the following link: www.cma.org.sa
The CMA encourages investors to report to the CMA any securities business carried out by a person not authorized by the CMA to conduct such business. To report such cases, or for any other complaints or inquiries in this regard, investors may contact the CMA.
For more information, visit the CMA website at www.cma.org.sa