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Naeem Investment loses Saudi licence
- Saudi Arabia: Wednesday, July 09 - 2008 at 10:49
The Saudi Capital Market Authority has revoked the licence of Naeem Investment Company for violating the Capital Market Law and deliberately giving false and misleading information to the CMA, reported Khaleej Times. Naeem Investment received a CMA license to conduct discretionary portfolio management in November 2006. The CMA also allowed the concerned department to take necessary actions against the company.
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