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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 formerly listed Company and some of its former board members) 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. (120/2021 Disciplinary Board – 91/2021 Authority) despite the fact that they were properly served the notice of the Resolution on 28/04/2024.
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