Osoul & Bakheet Investee Secures Saudi Central Bank License Renewal

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On Tuesday, Osoul & Bakheet Investment Co. announced that the Saudi Central Bank has approved the three-year renewal of the license held by its investee, Creative Future for Digital Brokerage Company. The approval enables the investee to resume offering services to clients.

The Saudi Central Bank oversees the licensing of financial service providers in the kingdom to ensure regulatory compliance.

This development follows the company's earlier disclosure that the investee—classified as a financial asset at fair value through profit or loss—had been informed by the Saudi Central Bank that it failed to meet renewal requirements, leading to a temporary suspension of its operations until regulatory conditions were satisfied.

The renewal lifts the suspension that had halted Creative Future's operations, allowing it to resume client services. As the investee is classified as a financial asset at fair value through profit or loss, its performance will directly affect Osoul & Bakheet's reported earnings. The three-year license provides operational stability for the digital brokerage as it continues in Saudi Arabia's regulated financial sector.