CMA grants FinTeh permission to Abyan Capital to test Robo Advisory Service

Based on the Capital Market Law issued by Royal Decree No. (M/30) dated 06/02/1424 AH, its implementing regulations, and the Financial Technology Experiment Permit instructions issued by the Board of the Capital Market Authority, The Capital Market Authority (CMA) announces that Abyan Capital has completed the commencements of business requirements to experiment the granted financial technology permit in relation to offering Robo Advisory service pursuant to the decision of the CMA’s Board of Directors dated 20/04/2022G.