8 people convicted of violating Saudi financial market laws ordered to pay $80 million arabnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from arabnews.com Daily Mail and Mail on Sunday newspapers.
RIYADH: Saudi telecom operator Etihad Etisalat Co.’s former executives were ordered to jointly pay SR1.23 billion ($328 million) for committing misleading actions. The Appeal Committee for Resolution of Securities Disputes issued this decision on Aug. 8, on the class action brought by an investor in the firm also known as Mobily against five former executives, a bourse
Here are a few things you need to know as Saudi stocks start trading on Sunday:
National Company for Learning and Education (NCLE) reported a net profit after Zakat and tax of SAR 3.8 million for Q1 2020/2021 ended Nov. 30, 2020, a 67.5% year-on-year (YoY) decline.
SABIC Agri-Nutrients Co. announced the end of the maintenance activities and return to normal operation at SAFCO.
Abdullah A. M. Al-Khodari Sons Co.’s board of directors approved the appointment of Ali Hussain Al BuSaleh as Chief Executive Officer from Jan. 7, 2021.
Waleed Fatani has been appointed as the chief executive officer (CEO) of Savola Group.
Saudi Arabian Amiantit Co. announced a total of SAR 16.12 million will be distributed as compensation to rights issue owners who did not exercise their rights to subscribe to the new shares.