Osool & Bakheet resumes operations after license renewal

Riyadh – Mubasher: Osool & Bakheet Investment Company has received notification regarding the resumption of operations at one of its investee companies, Creative Future for Digital Brokerage.

The investee company, which is classified as a financial investment at fair value through profit or loss, has secured approval from the Saudi Central Bank (SAMA) to renew its operating license for a period of three years.

This development follows a previous disclosure made on 9 March 2026, when Osool & Bakheet reported that Creative Future for Digital Brokerage had temporarily suspended services to its clients.

The suspension was triggered by a notice from the SAMA indicating that the company had not met the necessary regulatory requirements for license renewal at that time.

With the three-year renewal now granted, Creative Future for Digital Brokerage will officially resume providing its services to clients. Osool & Bakheet confirmed that there are no financial costs associated with this regulatory update and no expected impact on its financial statements.

In June, the company launched Osool & Bakheet Ashad Al Hamra Hotel Development Fund, a closed-ended private real estate investment fund at a total size of SAR 713 million, including debt financing.

Mubasher Contribution Time: 14-Jul-2026 11:51 (GMT)
Mubasher Last Update Time: 14-Jul-2026 11:51 (GMT)