Further to the General Secretariat of the Committees for Resolution of Securities Disputes (GS-CRSD) announcement on 06/06/1447 H., corresponding to 27/11/2025 regarding the issuance of the Committee for Resolution of Securities Disputes' (CRSD) two decisions; No. (23/L/D2/C/2025) of 1447 H., dated 08/04/1447 H., corresponding to 30/09/2025, and No. (20/L/D1/C/2025) of 1447 H., dated 17/03/1447 H., corresponding to 09/09/2025; approving the acceptance of the request to register the following two class action lawsuits:
- The class action filed by an investor against the Maena Investment Company, as a result of the Company's act when it advertised on television channels and social media about offering shares for subscription without following the regulatory procedures stipulated in the Rules on Offer of Securities and Continuing Obligations, and his subscription to those shares based on that. The claimant requested the registration of the class action with the CRSD, the annulment of the agreement concluded with the Company, and obliging it to return the amount he paid for his subscription.
- The class action filed by an investor against the 2060 Agricultural Company, as a result of the Company act when it offered its shares without following the regulatory procedures stipulated in the Rules on Offer of Securities and Continuing Obligations, and his subscription based on that. The claimant requested the registration of the class action with the CRSD, the annulment of the agreement concluded with the Company, and obliging it to return the amount he paid for his subscription.
The GS-CRSD announces the issuance of the CRSD's two decisions; No. (26/L/D1/C/2026) of 1447 H., dated 20/09/1447 H., corresponding to 09/03/2026, and No. (27/L/D2/C/2026) of 1447 H., dated 12/10/1447 H., corresponding to 31/03/2026, approving the two class actions referred to above filed by the two main claimants, after the number of applications, that share the statutory bases, claimed facts and subject matter of the requests, reached the statutory limit for issuing the two decisions to approve the class actions.
The GS-CRSD indicated the completion of requests to join the said two class actions. Furthermore, GS-CRSD would like to indicate that any person who had not submitted his/her request to join these two class actions has the right to submit an individual complaint through the CMA website via this Link.