CMA LAW: The Capital Markets Authority Announces Filing a Report with the Prosecutor General Regarding the Occurrence of a Crime

The Capital Markets Authority announces filing two reports to the Prosecutor General dated 03/08/2023 regarding the occurrence of the crime stipulated under Item (2) of Article (63), and criminalized by Item (1) of Article (126) of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities and its amendments. The defendants provided securities evaluation services of practicing investment advisor activity without obtaining the necessary licenses from the Capital Markets Authority, through the preparation of reports and analyses that included determining the fair value of shares of certain listed and unlisted companies.

Disclaimer: The information provided on this page is for reference purposes only, visitors are encouraged to review and understand the information provided in the official scanned document attached in the link above (if available). The CMA endeavors to ensure that the information on this page is complete and accurate, but the CMA does not guarantee the quality, accuracy, or completeness of any content at any time. In the event the information on this page is different from the content in the official scanned document attached in the link (if available), the official scanned document attached shall take precedence.