Further to the CMA's announcement dated 22/8/1438H corresponding to 18/5/2017G regarding suspending the license granted to United Financial House Company to conduct Dealing as Principal, Investment Fund Management, Discretionary Portfolio Management, Custody activities for Sixty days for not complying with the continuous obligation of paid up capital requirements.
The CMA Board of Commissioners issued  a resolution to suspend the license granted to United Financial House Company to conduct Dealing as Principal, Investment Fund Management, Discretionary Portfolio Management, Custody activities for twelve months for continuing to be non-compliance with the continuous obligation of paid up capital requirements.