The Saudi Arabia Capital Markets Authority (CMA) Board issued a resolution cancelling the licence granted to Edraj Capital Company to conduct arranging and advising activities in the securities business, after it was proven the firm did not fulfil the fit and proper requirements for the licensed activities. The CMA urged financial market participants and investors not to deal with Edraj Capital, citing the need to protect the market from illegal financial practices, maintain market integrity, and protect investors.
Saudi Arabia Capital Markets Authority 2025-08-19
Saudi Arabia Capital Markets Authority cancels Edraj Capital’s securities business licence for failing fit and proper requirements
The Saudi Arabia Capital Markets Authority (CMA) has revoked Edraj Capital Company's licence for arranging and advising in securities due to non-compliance with fit and proper requirements. The CMA advises against engaging with Edraj Capital to safeguard market integrity and protect investors from illegal financial practices.