Following
up the announcement of the General Secretariat of the Committees for Resolution
of Securities Disputes (GS-CRSD) which was issued on 25/03/1442 H.,
corresponding to 11/11/2020G., regarding the issuance of the Appeal Committee for
Resolution of Securities Disputes’ (ACRSD) final decision No. (2028/L.S/2020)
of 1442 H., dated 19/02/1442 H.,
corresponding to 06/10/2020G., in the case filed by
the Public Prosecution (referred to by the Capital Market Authority (CMA)) against a
number of defendants, that concluded of the conviction of such individuals (mentioned
in the said announcement) of violating Article (49) of the Capital Market Law, as
well as Article (2) of the Market Conduct Regulations for committing a number
of violating acts and practices when trading in the shares of a number of
companies. The decision included the imposition of a number of sanctions upon
them according to the details mentioned in the above-mentioned announcement.
The GS-CRSD announces the issuance of the CRSD’s final decision
No. (3537/L/D1/2021 of 1443 H.) Dated 06/04/1443 H. corresponding to 11/11/2021G.,
based on the petition to re-examine the case filed by Humoud bin Sultan bin
Mish’al Albqumi. That decision included the non-conviction of the
abovementioned individual for violating Article (49) of the Capital Market Law,
nor Article (2) of the Market Conduct Regulations.