Riyadh – Mubasher: The Capital Market Authority (CMA) of Saudi Arabia announced that Sukuk Capital Company has completed the commencements of business requirements to conduct custody activities in the securities business.
The suthorization was announced after the company was licensed upon CMA approval dated 6 November 2025, according to an official statement.
This foundational legislation, alongside its subsequent Implementing Regulations, governs the conduct of all financial entities operating within the Saudi capital markets.
The specific license for custody activity enables Sukuk Capital to provide specialized services related to the safeguarding and administration of financial assets. I
n the context of the Saudi securities market, custody services are a vital component of the financial ecosystem, involving the protection of client securities, the settlement of trades, and the management of various administrative tasks such as dividend collection and the processing of corporate actions.
These functions are essential for maintaining investor confidence and ensuring the smooth operation of the secondary markets.
Meanwhile, the transition from receiving a preliminary license to the formal commencement of business involves a comprehensive evaluation of a firm’s internal governance, risk management protocols, and technological capacity.
