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Title: The Capital Markets Authority Announces Filing a Report with the Prosecutor General Regarding the Occurrence of Crime
Date Publish
18 July 2024
The Capital Markets Authority announces filing a report with the Prosecutor General on 17/07/2024 regarding the 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 defendant (a chief executive of a listed Company) 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. (81/2023 Disciplinary Board – 88/2023 Authority) despite the fact that they were properly served the notice of the Resolution on 15/05/2024.
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