1 Day
Source:
الاقتصادية
Saudi firm Hamil Al-Musk sued collectively
The Saudi Capital Market Authority has approved the restriction of a class-action lawsuit filed by an investor against Hamil Al-Misk Business Services Holding Company, due to the improper offering of its shares in violation of regulatory provisions. Any person who subscribed to the company's shares is allowed to join the lawsuit within 90 days, as the relevant committee will review the requests in accordance with regulatory procedures. The Authority emphasizes its commitment to protecting investors and enforcing the laws to ensure justice and transparency, with a focus on minimizing risks and facilitating the swift compensation of those harmed.
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