Announcement from the General Secretariat of CRSD regarding the Issuance of CRSD Decision to Extend Limitation for Accepting Requests to Join Class Action Filed by Investor against Number of Former Executives in Etihad Etisalat Co. (Mobily)

​Further to the announcement of the General Secretariat of Committees for Resolution of Securities Disputes (GS-CRSD) on 21/04/1442 H., corresponding to 06/12/2020, regarding the issuance of the Committee for Resolution of Securities Disputes (CRSD) decision No. (6/L/D1/C/2020) of 1442 H. dated 09/04/1442 H. corresponding to 24/11/2020, indicating the acceptance of the request to register the class action lawsuit submitted by an investor against some senior executives in Etihad Etisalat Co. (Mobily), which included that the time limitation for submitting the requests with CRSD to join the class action is (90) days as of the announcement date;

The GS-CRSD announces the issuance of CRSD decision No. (8/L/D1/C/2021) of 1442 H. dated 09/07/1442 H., corresponding to 21/02/2021, stating the extension of limitation to accept requests of joining the class action (90) days starting from the expiry date of the previous 90-day limitation as of the announcement date of issuing CRSD decision No. (6/L/D1/C/2020) of 1442 H. dated 09/04/1442 H., corresponding to 24/11/2020, which was published on 21/04/1442 H. corresponding to 06/12/2020. 

Details of the announcement can be found on the website of the GS-CRSD via the following link:

GS-CRSD Announcement

Furthermore, the CMA took the initiative to facilitate the procedures of requesting to join the abovementioned class action lawsuit via an electronic link on the CMA's website, making it easier for the affected investors who meet the conditions to submit their requests without the need to personally come to the headquarters of the CMA or the GS-CRSD.

The CMA invites affected investors who had not yet submit their request to join during the previous limitation, to promptly join the filed class action using the following link:

Request to Join the Class Action Lawsuit

You can also view the frequently asked questions about the class action through the following link:

FAQ