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Title: The Capital Markets Authority Announces Reporting the Occurrence of a Crime to the Capital Market Prosecution
Date Publish
02 June 2021
The Capital Markets Authority announces reporting to the Capital Market Prosecution on June 02, 2021 occurrence of the crime provided for in Article (74), criminalized by Article (123) of Law No. 7 of 2010 and its amendments. The defendant, in his capacity as one of the shareholders, did not comply with offering a mandatory acquisition offer on all remaining shares of Al-Bareeq Holding Company (listed company) within thirty days from November 19, 2020 due to his direct and indirect ownership of 31.465% of Al-Bareeq Holding Company’ capital on that date.
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