Market Authority compensates 20,000 investors over share violations
The Capital Market Authority announced that it has compensated more than 20,000 individuals affected by violations related to the shares of Al-Kathiri Holding Company and Annam International Holding. This followed a court ruling ordering the violators to pay approximately 292.8 million riyals as restitution for the illicit gains they obtained. The compensation was distributed through a dedicated special fund established for this purpose, with some investors receiving more than six million riyals. The goal is to enhance investor confidence and protect their rights in accordance with the Capital Market Law.
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