Dar Al Arkan Real Estate Development Co.TADAWUL: 4300

Saudi's CMA Announces Compensation For Over 17,000 Affected Investors In Dar Alarkan Case

· Issued by Dar Al Arkan Real Estate Development Co.

THE CAPITAL MARKET AUTHORITY (CMA):

  • COMPENSATION FOR MORE THAN 17,000 AFFECTED INVESTORS IN THE CASE OF DAR ALARKAN COMPANY SHARE VIOLATIONS

  • COMPENSATION FOLLOWS A FINAL ACRSD DECISION RESULTING FROM A PENAL LAWSUIT FILED BY THE PUBLIC PROSECUTION AND REFERRED BY THE CMA

  • DECISION RESULTING FROM PENAL LAWSUIT ASKS VIOLATORS TO PAY SAR 1.196 BILLION FOR ILLEGAL GAINS REALIZED AS RESULT OF THESE VIOLATIONS