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The Capital Markets Authority (AMC) stated that it had facilitated the proceedings for applying for a class action suit by adding an electronic link to the Authority's website, allowing data subjects to present their case. their candidacy without having to appear in person.
The organization of collective action, approved by the capital market authority in November 2017, makes it possible to develop and facilitate court proceedings for securities clients, thus reducing the costs of litigation. , reducing the time and effort required for victims to receive their compensation as quickly and as easily as possible, to protect investors and enhance the attractiveness of the market. And reduce the risks of investment.
The Commission noted that the class action announced on the Securities and Settlement Committees Secretariat's website regarding the affected investors during the Al-Mojil Group's subscription period. Violations following the subscription period of the shares of the group Mohammed Al-Mujil for having misled and manipulated their financial statements,) From the commission on the resolution of securities disputes of 09/05/1440 H corresponding to 15/01/2019 in sentencing the defendants of the alleged violations.
The decision is final and reprehensible before the Securities Litigation Appeal Committee, and the CMA will be publicly informed of its finality.
The request can also be submitted via the following link:
Application to join the collective action
You can also find common questions about the lawsuit at the following link:
(FAQ)
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