The Authority for Financial Markets and Securities revealed the referral of three cases in which violations were committed to the Public Prosecution. The first case involves violations by members of the Board of Directors of one of the public joint stock companies, its external auditor, and the CEO, in addition to the owner of an account on a social media platform. In the second case, the violations include one of the investors.
According to the details of the authority, the violation related to the Board of Directors of the public joint stock company pertains to the provisions of Article (162/1b) of the Federal Law No. (32) of 2021 concerning commercial companies, as well as Article (20) of the decision of the Chairman of the Authority's Board of Directors No. (3/R.M) of 2020 regarding the adoption of the Governance Guide for Companies.
