In accordance with Union Law No. (10) of 1980 concerning the Central Bank, the Monetary System and Organization of Banking, and the “Regulation for Investment Companies and Banking, Financial and Investment Consultation Establishments or Companies” issued as per the Central Bank Board of Directors Resolution No. 164/8/94, dated 18/4/1995 and its amendments:
Noor Capital (P.S.C)
is hereby licensed to conduct the following business activities identified in the items of the said resolution:
1) Financial Investment Business as stipulated in Article No. (2)
2) items No. (a), (b), (c), (d), (e) of Paragraph 2 – 1.
3) Intermediation in dealing in Currencies as well as Intermediating in Money Market transactions
at the following address:
Building of Ahmed Khalifa Al Yousuf (Dar Al Salam)
3rd and 4th Floor
Please note that the company is prohibited from taking deposits or loans exceeding 100% of its paid-up capital and reserves. Furthermore, it is strictly prohibited from taking deposits or loans from foreign banks and other foreign financial institutions including foreign funds.