| 1 | Mondial (Dubai) LLC | The company failed to submit its externally audited quarterly interim financial statements for the financial period ended June 30, 2024, within the statutory deadline. This act constitutes a violation of Article 7(1), Chapter 5, Section 2 of the SCA Board Chairman’s Decision No. (13/Chairman) of 2021 concerning the Rulebook for Financial Activities and Status Adjustment Mechanisms. | A financial penalty of AED 100,000 | January 9, 2025 | May 6, 2025 |
| 2 | Absolute Return Investment Advisors (Aria) Limited (Dubai branch) | The company failed to submit its externally audited quarterly interim financial statements for the financial period ended June 30, 2024, within the statutory deadline. This act constitutes a violation of Article 7(1), Chapter 5, Section 2 of the SCA Board Chairman’s Decision No. (13/Chairman) of 2021 concerning the Rulebook for Financial Activities and Status Adjustment Mechanisms. | A financial penalty of AED 100,000 | January 9, 2025 | May 6, 2025 |