Compensation for 20,000 shareholders in Al-Kathiri and Annam
The Capital Market Authority announced that more than 20,000 victims of violations committed against the shares of "Al-Kutaisi Holding" and "Anaam International Holding" have been compensated, with a total amount of 292.8 million SAR. The compensations have been transferred to the victims' accounts through a fund established to facilitate and expedite the disbursement of rights. The payout plan is based on the extent of the violations and the illicit gains achieved by the offenders, with some victims receiving more than 6 million SAR. This initiative is part of the Authority's efforts to strengthen compensation mechanisms and protect investors' rights in the Saudi financial market.
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