Regulatory Updates

Revocation of the Investment Advisor License (IAL009) of Luqman Weise Asset Managers Limited and the Investment Advisor Representative License (IARL009) of Mr. Mohamed Ahmed Rashad Khater

The Financial Services Authority (“FSA/Authority”) hereby gives notice to the general public, pursuant to section 28(2)(c) of the Financial Services Authority Act, 2013 (“FSA Act”), that the Investment Advisor Representative License (IARL009) held by Luqman Weise Asset Managers Limited and the Investment Advisor Representative License (IARL009) of Mr. Mohamed Ahmed Rashad Khater has been revoked pursuant to section 29(1) of the FSA Act, effective December 20th, 2021.

The FSA hereby reminds the public that the Authority is not responsible should persons continue or maintain client relationship Luqman Weise Asset Managers Limited.

The Financial Services Authority

21st December 2021