Osool & Bakheet Investment Company Announces the Latest Developments Regarding the Receipt of a Notification from One of Its Investee Companies Concerning the Temporary Suspension of Services
| Element List | Explanation |
|---|---|
| Previous Announcement | Osool & Bakheet Investment Company received a notification from the executive management of one of its investee companies (Creative Future for Digital Brokerage Company), which is classified as a financial investment at fair value through profit or loss, stating that the Saudi Central Bank had informed the investee company that it had not fulfilled the requirements for renewing its license. Consequently, the investee company temporarily suspended the provision of its services to its customers until completion of the regulatory requirements necessary for the renewal of its license. |
| Date of Previous Announcement on Saudi Exchange’s Website | 2026-03-09 Corresponding to 1447-09-20 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | Osool & Bakheet Investment Company announces that it has received a notification from the investee company (Creative Future for Digital Brokerage Company) stating that the Saudi Central Bank has approved the renewal of the company’s license for a period of three years. Based on this approval, the investee company will resume providing its services to its customers. |
| Reasons For The Delay on The Date of The Event Previously Announced | None |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | None |
| Delay consequences on the Company’s financial results | None |
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