63 Days
Source:
الاقتصادية
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Source: الاقتصادية
63 Daysالاقتصادية
Source: الاقتصادية
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Unregulated investment issues in the Saudi stock market have become associated with a trend toward class-action lawsuits filed by harmed investors against companies that violated listing procedures. Legal authorities confirmed that promoting stocks before completing the regulatory procedures, such as approving the prospectus, constitutes a legal violation that may lead to administrative and civil liability. However, the annulment or refund of funds is not automatic; rather, it depends on the nature of the violation and the circumstances of each case. Investors are permitted to seek compensation if they can prove direct harm and a causal link between the violation and their damages, emphasizing the importance of gathering supporting documents and evidence, such as investment contracts and bank transfer records. Class-action lawsuits serve as a preliminary step to initiate claims, contingent on proving the companies’ responsibility due to violations of listing procedures. Meanwhile, the Capital Market Authority actively monitors violations and takes necessary measures to protect investors.
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