Saudi Arabia Capital Market Authority announced that its board has referred to the Public Prosecution a suspected violation of Article 49 of the Capital Market Law involving Future Care Trading Company. The case concerns a number of suspects alleged to have carried out a series of actions and procedures that created an incorrect and misleading impression regarding the company’s share price between 4 August 2022 and 11 June 2023. The authority added that the General Secretariat of Committees for Resolution of Securities Disputes will publish the identities of violators on its website once final decisions are issued in criminal cases. Any person affected by the conduct may seek compensation before the Committee for Resolution of Securities Disputes after a conviction under Article 56 of the Capital Market Law, provided a complaint has first been filed with the CMA.
Saudi Arabia Capital Markets Authority 2026-05-05
Saudi Arabia Capital Market Authority refers suspected misleading share price activity in Future Care Trading Company to the Public Prosecution
The Saudi Capital Markets Authority has referred to the Public Prosecution a suspected violation of Article 49 of the Capital Market Law by Future Care Trading Company, alleging actions that misled the company’s share price between 4 August 2022 and 11 June 2023. The authority said the General Secretariat of Committees for Resolution of Securities Disputes will publish violators’ identities once criminal decisions are final, and that affected parties may seek compensation before the Committee after a conviction under Article 56, subject to first filing a complaint with the authority.