Saudi Arabia Capital Markets Authority (CMA) announced that Owais Al-Osool for Financial Technology in the securities business has completed the commencement of business requirements for its Financial Technology Experimental Permit, enabling it to begin experimenting with offering and investment in debt instruments. The authorisation is issued under the Capital Market Law and its implementing regulations, and the CMA Board’s Financial Technology Experimental Permit instructions, pursuant to a Board of Directors decision dated 08/07/2024.
Saudi Arabia Capital Markets Authority 2025-05-21
Saudi Arabia Capital Markets Authority authorises Owais Al-Osool FinTech to start sandbox testing of offering and investing in debt instruments
Saudi Arabia Capital Markets Authority (CMA) has authorized Owais Al-Osool for Financial Technology to commence operations under its Financial Technology Experimental Permit, allowing experimentation with offering and investment in debt instruments. This authorization is in accordance with the Capital Market Law, implementing regulations, and the CMA Board’s Financial Technology Experimental Permit instructions.