Thursday 19, June 2008 by Mike Gallagher

New securities company given licence in Saudi Arabia

The Capital Markets Authority (CMA) in Saudi Arabia has granted a securities business license to Derayah Financial Corporation to operate as an agent, by offering management services, advisory and custody services in securities. Derayah specialises in product management, retail sales and e-marketing for the financial services industry and is based in Riyadh.

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