Follow-up Announcement by the GS-CRSD on the Issuance of Two Decisions by the CRSD Approving the Two Class Actions Filed by Investors Against Maena Investment and 2060 Agricultural Company
Further to the announcement of the General Secretariat of Committees for Resolution of Securities Disputes (GS-CRSD) dated 06/06/1447H, corresponding to 27/11/2025, regarding the issuance of two decisions by the Committee for Resolution of Securities Disputes (CRSD), No. (23/L/D2/C/2025) of 1447 H., dated 08/04/1447 H., corresponding to 30/09/2025, and decision No. (20/L/D1/C/2025) of 1447 H., dated 17/03/1447 H., corresponding to 09/09/2025; approving the acceptance of the registration of the following two class actions:
1. The class action filed by an investor against the Maena Investment Company, as a result of the Company's act when it advertised on television channels and social media about offering shares for subscription without following the regulatory procedures stipulated in the Rules on Offer of Securities and Continuing Obligations, and his subscription to those shares based on that. The claimant requested the registration of the class action with the CRSD, the annulment of the agreement concluded with the Company, and obliging it to return the amount he paid for his subscription.
2. The class action filed by an investor against the 2060 Agricultural Company, as a result of the Company act when it offered shares without following the regulatory procedures stipulated in the Rules on Offer of Securities and Continuing Obligations, and his subscription based on that. The claimant requested the registration of the class action with the CRSD, the annulment of the agreement concluded with the Company, and obliging it to return the amount he paid for his subscription.
The GS-CRSD announced the issuance of two decisions by the CRSD, No. (26/L/D1/C/2026) of 1447 H., dated 20/09/1447 H, corresponding to 09/03/2026, and No. (27/L/D2/C/2026) of 1447H., dated 12/10/1447H, corresponding to 31/03/2026, approving the two aforementioned class actions filed by the main claimants, after the number of requests sharing the same lawful bases, claimed facts, and subject matter reached the statutory threshold for issuing the decisions approving them.
The CMA has facilitated the procedures for submitting requests to join the two aforementioned class actions. With the completion of the joining requests for these two actions, the CMA would like to note that any person who has not previously submitted a request to join the said class actions may file an individual complaint through the CMA's website via the following link.
Details of the announcement can be found on the website of the GS-CRSD, via the following link:
Announcement of the GS-CRSD
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