​The Capital Market Authority announces that the Appeal Committee for the Resolution of Securities Disputes has issued its decision dated 10/09/1437H corresponding to 15/06/2016 regarding the lawsuit filed by the Capital Market Authority against Hamad bin Abdulrahman bin Hamad Alkarawi. The decision upheld the previous decision issued by the Committee for the Resolution of Securities Disputes convicting the defendants for violating Article (49) of the Capital Market Law and Articles (2) and (3) of the Market Conduct Regulations for trading the shares of the following companies: (Anaam International Holding Group, Al-Baha Investment and Development Co. , Saudi Fisheries Co. , Alahli Takaful Co. , United Cooperative Assurance Co. , Gulf General Cooperative Insurance Co. , Saudi Enaya Cooperative Insurance Co. , Alinma Tokio Marine Co.) during the period between 01/08/2012 until 30/09/2012. These practices formed manipulation and fraud and created a misleading and incorrect impression about the mentioned companies. The following fines and sanctions shall be applied:

1. Impose a fine on him in the amount of 200,000 Two Hundred Thousand Riyals.
2. Oblige him to pay 1,554,703.10 One Million and Five Hundred and Fifty Four Thousand and Seven Hundred and Three Riyals and Ten Halalas.
3. He shall refrain from trading the shares of companies listed on the Saudi Stock Exchange (buying) whether in person or on behalf on someone else  for one year and six months .