List of documents to be submitted in an application

1. Completed application form for License
    
2. A report on paid-up capital certified by external auditor
    
3. A copy of the ownership structure
    
4. The latest audited financial statements for each Controlling Shareholder
    
5. Completed application form(s) for each Controlling Shareholder
    
6. Outline of the Senior Management and staff structure
    
7. Completed application forms for chief executive, alternate chief executive and director
    
8. Independent assessment report(s) on seven areas as set out in paragraph 5 of Article (3).
    
9. Copies of risk management policies and procedures on AML/CFT systems
    
10. Copies of policies and procedures for managing the Float
     
11. A copy of the investment policy for managing the investment of Float
     
12. A copy of contract, and terms & conditions between the Applicant and the Customer
     
13. A copy of Operating Rules for the SVF scheme
     
14. A copy of contractual agreements which describe the rights and obligations of the related parties involved in the SVF scheme
     
15. Business plan that covers a three-year time horizon
     
16. Board of director’s resolution in support of the Application
     
17. A copy of the articles of association (or equivalent) of the Applicant company in English and Arabic
     
18. A copy of the Applicant's audited annual reports and / or audited financial statements for the past three financial years immediately prior to application.
     
19. Each of the following:
    1. a). A copy of the notarized Memorandum and Articles of Association
        
    2. b). A copy of the Licensee Commercial License
        
    3. c). Auditors certification that the paid-up capital has been injected into the business