Title: The Capital Markets Authority Announces Filing a Report with the Prosecutor General Regarding Suspected Crime
The Capital Markets Authority announces filing a report with the Prosecutor General on 19/10/2023 regarding the suspicious occurrence of the crime stipulated in Item (2) of Article (127) of Law No. 7 of 2010 Regarding the Establishment of the Capital Markets Authority and Regulating Securities Activities, and amendments thereto. This is due to the failure of the defendants (a formerly listed company and Members of its Board of Directors) until the date of submitting this Report to implement a final resolution issued by the Disciplinary Board to pay the fine prescribed in Resolution No. (83/2022 Disciplinary Board – 42/2022 Authority) despite the fact that they were properly served the notice of the Resolution on 21/02/2023.