Further to the Capital Market Authority’s announcement on its website on 19/3/1437H corresponding to 31/12/2015G regarding the suspicion of violations Capital Market Law and its implementing regulations committed by Etihad Etisalat (Mobily) which includes the issuance of its Board Resolution that referred a number of suspects of violating Article (49) of the Capital Market Law to the Public Prosecution to investigate and prosecute as it falls under their jurisdiction, for the suspicion of conducting businesses during their term at the executive management, when such violations have occurred, that created a false or misleading impression as to the value of the company’s security.

CMA  wishes to inform dealers and investors in the Exchange that the Public Prosecution has completed all necessary investigations in these violations. And on 22/01/1439H corresponding to 12/10/2017G, the lawsuit against these violators was filed by The Public Prosecution with The Committee for the Resolution of Securities Disputes which have jurisdiction over this dispute.

CMA insures its devotion to apply justice, efficiency, and transparency in securities transactions as well as protect investors from illegal acts as per its responsibilities set forth in the Capital Market Law.