​The Capital Market Authority announces that the Appeal Committee for the Resolution of Securities Disputes has issued its decision dated 16/09/1437H corresponding to 21/06/2016 regarding the lawsuit filed by the Capital Market Authority against Abdulrahman bin Abdulaziz bin Abdulsalam Alyemni. The defendant was convicted of violating Article (49) of the Capital Market Law and Article (2) and Article (3) of the Market Conduct Regulations  for trading the shares of Arabian Cement Co. and Jabal Omar Development Co. during the period from 02/07/2012 until 09/12/2012. These practices formed manipulation and fraud and created a misleading and incorrect impression about the mentioned companies. The Appeal Committee's decision included the imposition of a fine  in the amount of 90,000 Ninety Thousand Riyals and oblige him to pay 939,906.30 Nine Hundred and Thirty Nine Thousand and Nine Hundred and Six Riyals and Thirty Halalas to CMA's account for the illegal profits in his investment portfolio.

The Capital Market Authority insures its devotion to apply the Capital Market Law and its Implementing Regulations as well as protect the investors from illegal acts and whoever is affected by these acts can file a suit for compensation to the committee as per Article 57 of the Law. This must be preceded by a complaint filed to the Authority.