​The Capital Market Authority announces that the Appeal Committee for the Resolution of Securities Disputes has issued its decision dated 27/07/1438H corresponding to 24/04/2017G on the lawsuit filed by the Capital Market Authority against Mohammed bin Abdulkareem bin Abrahim Almayuof (member of the board of directors of the national company of agricultural marketing "Thimar" previously). The decision convicted the defendant of violating  the instructions stated in disclosure form no. (3) which was approved by CMA’s Board resolution numbered (2010-19-11) and dated 15/07/1431H. He stated in the disclosure form that mentioned above that he is not involved in any business that would compete with Thimar while he is a partner in AlSinbla Food Trading Company, which operates in a competitive activity and trades in a branch of the Thimar company’s activity. The Appeal Committee's decision included the imposition of a fine  in the amount of (30,000) Thirty Thousand Riyals and Restraining him from working in companies listed on the Saudi Stock Exchange for three months.

The Capital Market Authority insures its devotion to apply the Capital Market Law and its Implementing Regulations and instructions.