An Announcement from the Capital Market Authority regarding the decision issued by The Committee for the Resolution of Securities Disputes Convicting a violator of the Capital Market Law and its Implementing Regulations

​The Capital Market Authority announces that the Committee for the Resolution of Securities Disputes has issued its decision dated 2/11/1438H corresponding to 25/7/2017G which was effective on 21/1/1439H corresponding to 11/10/2017G as the appeal date has passed, the lawsuit filed by The Public Prosecution against Saleh bin Abdullah Ishaq (which was referred from the Capital Market Authority). The decision convicted the defendant for violating Article (31) of the Capital Market Law and Article (5) of the Securities Business Regulations for conducting a securities business without obtaining a license as he managed investment portfolio belonging to an investor in return for money. The decision of the committee included the imposition of a fine on him in the amount of (100,000) One Hundred Thousand Riyals.

The Capital Market Authority insures its devotion to apply the Capital Market Law and its Implementing Regulations as well as protecting the investors from illegal practices.