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Title: The Capital Markets Authority Announces Filing a Report with the Prosecutor General Regarding the Occurrence of a Crime
Date Publish
18 January 2024
The Capital Markets Authority announces filing a report with the Prosecutor General on 18/01/2024 regarding the occurrence of the crime stipulated in 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 according to Article (63) of the same law. The defendant performed the following:
1. Provided the service of asset valuator, without obtaining the required license from the CMA, by preparing reports and analyses that included determining the fair value of a company’s stake in a project in exchange for a commission.
2. Announcing on its website that it practices the activities of investment advisor and subscription agent without obtaining a license from the CMA to practice these activities.
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.
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