Al-Marsad Newspaper: The General Secretariat of the Committees for Resolution of Securities Disputes announced the acceptance of a request to register a class action lawsuit against some members of the Board of Directors and employees of the Muhammad Al-Mojil Group Company for investors in the company’s shares from the date of 22-2-2012 until the date of the suspension of the share.
– The path of the private right in the class action lawsuit
. Start receiving class action lawsuits from affected investors during the period specified for the occurrence of the violation.
. The issuance of the decision of the adjudication committee to accept or reject the class action lawsuit and start considering the compensation due, if approved
. The Authority receives all complaints and applications for membership and refers them, after fulfilling all conditions, to the Committee for the Resolution of Securities Disputes for settlement.
. The start of consideration of the plaintiffs’ claims by the Committee for the Resolution of Securities Disputes.
– Who is entitled to submit a request to join the class action lawsuit
. Any person who bought the company’s shares after announcing on 02/22/2012 AD its annual financial results for the financial period ending on 12/31/2011 AD and kept it until the suspension of trading the company’s shares in the Saudi Stock Exchange “Tadawul” on 07/22/2012 AD.
The period available for submission: within (90) days from the date of the announcement.
2023-08-31 15:44:13
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