FAS Suspends the license of Trust Funds Management for three months

The Financial Services Authority has issued administrative decision No. 4/2024 suspending the license of Thiqah Investment Funds Management for three months to adjust its situation in line with the legal requirement pursuant to Article  58/g of the Securities Law promulgated by Royal Decree No.  46/2022 which allow the FSA to temporarily suspend the license until the violation is adjusted during the specified period.