24 Hrs
Source:
الاقتصادية
Collective Lawsuit Filed Against Saudi Company Hamel al-Musk
The Saudi Capital Market Authority has approved the initiation of a class action lawsuit filed by an investor against Hamil Al-Misk for Business Services Holding Company, due to its general offering of shares without following the proper legal procedures and in violation of regulations. The Authority confirmed that any person who subscribed to the company's shares has the right, within 90 days, to request to join the lawsuit. These requests will be reviewed according to the established legal procedures. The Authority's goal is to protect investors and promote transparency and fairness in the securities market, while also facilitating legal procedures and reducing costs to ensure that compensations are received quickly and effectively.
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