CMA orders violator to pay SAR 2.8 mln

31/10/2017 Argaam

 

The Capital Market Authority (CMA) has directed Turki bin Sultan bin Hamad bin Salim to pay SAR 2.75 million for illegal gains in his investment portfolios, the regulator said in a statement on Tuesday.

 

Bin Salim was also fined SAR 640,000 for violating trading laws, the CMA said.

 

The defendant was convicted for unlawfully trading shares of several Tadawul-listed companies between Nov. 6, 2012 and Nov. 21, 2013. 

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