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The Capital Market Authority Licenses Lesha Capital to Conduct Managing Investments and Operating Funds Activities in the Securities Business and its Completion of the Commencements of Business Requirements
In accordance to the Capital Market Law issued by Royal Decree No. (M/30) dated 02/06/1424H and its Implementing Regulations, the Capital Market Authority announces that Lesha Capital has completed the commencements of business requirements to conduct Managing Investments and Operating Funds Activities in the Securities Business licensed as per CMA resolution dated 07/11/1446H corresponding to 05/05/2025G.
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Conviction a Number of Board Members of Saudi German Health and its Audit Committee for Violating the Capital Market Law and Its Implementing Regulations by Manipulating the Financial Statements from 2018 – 2021 and Fining them Around SAR 18 Million
The Capital Market Authority (CMA) announces the issuance of a final decision by the Appeal Committee for the Resolution of Securities Disputes (ACRSD) against 11 violators, for violating Article (49.a) of the Capital Market Law and Article (7) of the Market Conduct Regulations, by manipulating the financial statements of Middle East Healthcare Company (Saudi German Health) during the period from 2018 – 2021, and fining them collectively approximately SAR 18 million for such violations. In accordance with the ACRSD's decision, a number of the Company's board members and audit committee members were convicted, namely: Subhi Abduljalil Ibrahim Battrajee, Makarem Subhi Abduljalil Battrajee, Sultan Subhi Abduljalil Battrajee, Khalid Abduljalil Ibrahim Battrajee, Muhammad Abdulrahman Muhammad Mu'menah, Ahmad Muhammad Khalid Abdulrazzaq Aldahlawi, Ali Abdulrahman Abdullah Alquwaiz, Amr Muhammad Khalid Khashoggi, Muhammad Mustafa bin Muhammad Omar bin Siddiq, Walid Abdulaziz Abbas Ahmad Saleh Kayyal, and Saleh Ahmad Ali Hafni; of violating Article (49.a) of the Capital Market Law and Article (7) of the Market Conduct Regulations, for their act, in their capacity as members of the board of directors of Middle East Healthcare Company (Saudi German Health) and members of its audit committee, of inflating the Company's revenues and creating a false and misleading impression regarding its book value, by acknowledging undue total revenues that reached SAR 358,044,138, despite the knowledge of the Company's board of directors and audit committee of the low likelihood of collecting such revenues. This resulted in the inclusion of inaccurate information in the financial statements subject to the violation, extending from the financial year ending on 31/12/2018 till the initial financial period ending on 30/09/2021, which affected the Company's assets and caused its financial statements to be presented untruthfully and its revenues to be inflated. The ACRSD's decision included imposing a fine on the convicted Makarem Subhi Abduljalil Battrajee in the amount of (3.1) million Saudi Riyals, and fines on the convicted: Subhi Abduljalil Ibrahim Battrajee, Sultan Subhi Abduljalil Battrajee, Khalid Abduljalil Ibrahim Battrajee, and Muhammad Abdulrahman Muhammad Mu'menah, in the amount of (2.1) million Saudi Riyals each, and fined the convicted Ahmad Muhammad Khalid Abdulrazzaq Aldahlawi (1.98) million Saudi Riyals, and fined the convicted Ali Abdulrahman Abdullah Alquwaiz (1.08) million Saudi Riyals, and fined the convicted Amr Muhammad Khalid Khashoggi (1.6) million Saudi Riyals, and banned them from working in entities under the supervision of the CMA for a period of one year. The decision further included fining the convicted Muhammad Mustafa bin Muhammad Omar bin Siddiq (500) thousand Saudi Riyals, the convicted Walid Abdulaziz Abbas Ahmad Saleh Kayyal (580) thousand Saudi Riyals, and the convicted Saleh Ahmad Ali Hafni (680) thousand Saudi Riyals, and banning them from working in entities under the supervision of the CMA for a period of six months. The CMA explained that the ACRSD's final decision came as a result of joint coordination and cooperation between the CMA and relevant concerned authorities, and in light of the public penal lawsuit filed by the Public Prosecution, referred to it by the CMA in March 2024, against the violator for violating the Capital Market Law and its Implementing Regulations. The CMA stresses the importance of investors' confidence in the capital market for its growth and prosperity. The CMA continuously monitors any violating behaviors, identifies the perpetrators, and processes the necessary procedures to impose deterrent penalties against them, in order to enhance the CMA's efforts aimed at creating an attractive investment environment for all categories of investors and safe from unfair or unsound practices or that involve fraud, cheating, misleading, deception or manipulation. The CMA indicated that the GS-CRSD announced to the public on its website the identity of the violators after the violations and sanctions were proven and the final decision was issued by ACRSD. It can be viewed through the following link (Announcement link) The GS-CRSD, from its side, announced that any person affected by the violations subject to this case is entitled to file a compensation claim (as individual or class action) with the Committee for Resolution of Securities Disputes (CRSD) for the damage suffered due to these violations, provided that this must be preceded by filing a complaint with the CMA in this regard via the following link: (Link to file a complaint). Furthermore, the GS-CRSD will announce to the public on its website upon the filing of any class action, to enable other investors affected by the same violations to apply to the CRSD to join the class action.
21/05/2026 19:00:42 -
The Capital Market Authority approves the capital increase request for Mulkia Investment Company through the issuance of bonus shares
The CMA has issued its resolution approving Mulkia Investment Company's request to increase its capital from SAR (78,000,000) to SAR (90,000,000) through issuing (1) bonus share for every (6.5) existing shares owned by the shareholders who are registered in the shareholders registry at the Security Depository Center as of the closing of the second trading day after the due date which will be determined later by the Company's board, such increase will be paid by transferring an amount of SAR (12,000,000) from “Retained earnings” account to the Company's capital. Consequently, increasing the Company's outstanding shares from (7,800,000) shares to (9,000,000) shares, by an increase of (1,200,000) shares. The extraordinary general assembly shall be held within six months from this approval date and the Company shall satisfy all regulatory requirements and applicable laws.
21/05/2026 18:57:11 -
CMA Announces the Approval of Public Offering of "Al Rajhi Saudi Health Care Equity Fund”
The CMA has issued its resolution approving the public offer, by "Al Rajhi Capital”, of "Al Rajhi Saudi Health Care Equity Fund”. An Investment decision without reading the Terms and Conditions carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the Terms and Conditions which includes detailed information on the Fund, investment strategy and risk factors, and carefully study it to be able to assess the feasibility of taking into consideration the associated risks. If the Terms and conditions proves difficult to understand, it is recommended to refer to the fund manager for more information. The CMA's approval of the fund should never be considered as a recommendation to subscribe in the fund, The CMA's approval of the fund merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
21/05/2026 18:53:14 -
The Securities Depository Center Company (Edaa) Announces Implementing a Corporate Action on Naseej for Technology Co. Securities
The Securities Depository Center Company (Edaa) announces implementing securities quantity Increase for Naseej for Technology Co. on the Center’s Accounts of eligible securities’ holders today 04/12/1447H, corresponding to 21/05/2026G.
21/05/2026 08:29:23 -
An Announcement by the Capital Market Authority Regarding the Approval of Alkhabeer Capital’s request to delist "Al-Khabeer Growth and Income Traded Fund".
The Capital Market Authority announces the issuance of its resolution approving Alkhabeer Capital’s request to delist "Al-Khabeer Growth and Income Traded Fund", The Fund Manager will publish the timetable for the Fund’s delisting process. If the unitholders of the Alkhabeer Growth and Income Traded Fund approve the delisting, the Fund’s units will be suspended from trading and subsequently delisted from the Saudi Exchange. An investment decision without reading the T&Cs carefully or fully reviewing its content may involve high risk. Therefore, investors should carefully read the T&Cs, which include detailed information on the strategy, objectives and risk factors. Thus, providing potential investors the ability to evaluate the viability of investing in the fund, taking into consideration the associated risks. And if the T&Cs prove to be difficult to understand, it is recommended to consult an authorized financial advisor. The CMA’s approval of the request to delist the fund should not be considered as a recommendation to invest in it. The CMA's approval of the delisting merely means that the legal requirements as per the Capital Market Law and its Implementing Regulations have been met.
20/05/2026 19:28:56