Stake Financial Technology Company Meets Requirements for CMA’s Financial Technology Permit

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 Experimental Permit instructions issued by the Board of the Capital Market Authority, the Capital Market Authority (CMA) announces that Stake Financial Technology Company has completed the requirements to commence business for experimenting with the Financial Technology permit.

This permit relates to testing an Investment and Real Estate Funds Distribution Platform, pursuant to the decision of the CMA’s Board of Directors dated 13/06/2023.