CMA: Kafaa Capital Granted FinTech Permit to Test Debt Instruments Offering and Investment, Completes Business Requirements

In accordance with the Capital Market Law, issued by Royal Decree No. (M/30) dated 06/02/1424 AH, its implementing regulations, and the Financial Technology Experimental Permit instructions issued by the Board of the Capital Market Authority (CMA), the CMA announces that Kafaa Capital has fulfilled all requirements to commence its FinTech experimental permit.

This permit allows Kafaa Capital to test the offering and investment in debt instruments, as authorized by a decision from the CMA Board of Directors on 10/05/2023.