Appeal Committee scraps SAR 50,000 fine on Mouwasat

26/06/2019 Argaam

Saudi market regulator, the Capital Market Authority (CMA) said the Appeal Committee for the Resolution of Securities Conflicts (ACRSC) cancelled a fine of SAR 50,000 on Mouwasat Medical Services Co. pertaining to a legal claim filed by the company against the Saudi market regulator, according to a statement.

 

In March 2017, the CMA imposed a SAR 50,000 worth of fine on Mouwasat as it banned a shareholder from voting in the company’s ordinary general meeting held on Dec. 26, 2016.

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