CmaBoardReleases
Title: Announcement Regarding Issuance of the Board of Commissioners Resolution on the Grievances Submitted for Violation No. 14/2022 Disciplinary Board 90/2021 Authority
Further to the announcement published on the Capital Markets Authority’s website, regarding the issuance of the Disciplinary Board Resolution regarding violation No. 14/2022 Disciplinary Board 90/2021 Capital Markets Authority, the CMA draws everyone’s attention to the issuance of its resolution to accept the grievances submitted by: -
1- Mr. Saleh Abdulaziz Al Saraawi - Vice Chairman of the Board of Directors of Abyaar Real Estate Development Company.
2- Mr. Abdulaziz Asaad Al Sanad - (former) Member of the Board of Directors of Abyaar Real Estate Development Company.
3- Mr. Muhannad Mohammed Al-Sanea - Member of the Board of Directors of Abyaar Real Estate Development Company.
4- Mr. Issa Hassan Al-Kandari - Member of the Board of Directors of Abyaar Real Estate Development Company.
In this regard, the CMA emphasizes the implementation of CMA Law and its Executive Bylaws on all persons dealing in securities activities, and urges them to comply with these rules in order to promote investors' confidence, create a sound investment environment, and implement the Law according to the principles of fairness, transparency, and integrity in line with the best international practice.