The Saudi Arabia Capital Market Authority announced that more than 20,000 investors affected by violations in the shares of Al Kathiri Holding Co. and Anaam International Holding Group have been compensated through the Compensation Fund. Payments were deposited into investors' accounts under a distribution plan approved by the Committee for Resolution of Securities Disputes, following a final decision by the Appeal Committee for Resolution of Securities Disputes published on December 14, 2023 that required the violators to pay SAR 292.8 million in illegal gains. The compensation framework was calibrated to the scale of the violations, the value of the illegal gains and the harm suffered by investors who traded the two shares during the violation period, with some individual payouts exceeding SAR 6 million. The case stemmed from a penal lawsuit filed by the Public Prosecution and referred by the Capital Market Authority. The fund was established under Article 59 of the Capital Market Law and is the fourth such compensation fund set up for capital market violations in less than 12 months, following the first announced in July 2025.
Saudi Arabia Capital Markets Authority2026-06-29
Saudi Arabia Capital Market Authority compensates more than 20000 investors affected by Al Kathiri and Anaam share violations
The Saudi Arabia Capital Market Authority said more than 20,000 investors harmed by trading violations in Al Kathiri Holding Co. and Anaam International Holding Group shares have been compensated through the Compensation Fund. The payments follow a final disputes appeal decision requiring the violators to pay SAR 292.8 million in illegal gains. Compensation was allocated under an approved plan based on the scale of the violations and investor harm.