* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, August 2, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Chicago Youth Symphony Orchestra takes the Lollapalooza stage – Yahoo Home

    Sens. Blackburn, Warnock introduce CREATE Act to provide tax relief to music creators – Yahoo Home

    Sens. Blackburn and Warnock Launch CREATE Act to Deliver Tax Relief for Music Creators

    That’s (Political) Entertainment: When Theatre Meets Politics

    Future Script: How Generative AI Is Changing Collective Bargaining in the Entertainment Industry – Jackson Lewis

    Future Script: How Generative AI Is Transforming Collective Bargaining in Entertainment

    The SBA’s live-entertainment bailout was supposed to end two years ago. We still don’t know how $1.5 billion was spent. – Yahoo Home

    $1.5 Billion Live-Entertainment Bailout: Two Years Later, Where Did the Money Go?

    Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, Boyd – CDC Gaming

    Top Wall Street Bets: Caesars, Golden Entertainment, Churchill Downs, GLPI, and Boyd Take Center Stage

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

    Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

    Emory orthopaedic surgeons use robotic technology to transform knee replacement surgery – Emory News Center

    How Robotic Technology is Revolutionizing Knee Replacement Surgery

    Cognizant Technology Solutions Corp (CTSH) Q2 2025 Earnings Call Highlights: Strong Revenue … – Yahoo.co

    Cognizant Q2 2025 Earnings: Impressive Revenue Growth and Key Takeaways

    Revving Up The U.S. Technology Engine – Forbes

    Revving Up The U.S. Technology Engine – Forbes

    More than just a hockey player – Rochester Institute of Technology Athletics

    Beyond the Ice: The Inspiring Journey of a Remarkable Athlete from Rochester Institute of Technology

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Smart Logistics in Warehousing – From Legacy Protocols to Green IoT – How Technology Is Reshaping the Sustainable Supply Chain – Logistics Viewpoints –

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

‎ACRSD issues SAR 1.2 bln fines on Dar Al Arkan traders for violations

July 20, 2023
in Business
‎ACRSD issues SAR 1.2 bln fines on Dar Al Arkan traders for violations
Share on FacebookShare on Twitter

ACRSD issues SAR 1.2 bln fines on Dar Al Arkan traders for violations

Logo of Dar Alarkan Real Estate Development Co.

The General Secretariat of the Committees for Resolution of Securities Disputes (GS-CRSD) announced the issuance of the Appeal Committee for the Resolution of Securities Disputes’ (ACRSD) final decision in the public penal case filed by the Public Prosecution against some traders of Dar Al Arkan Real Estate Development Co.’s stock, who violated the Capital Market Authority’s (CMA) securities trading rules.

Muhammad bin Abdullah bin Saleh Alsa’ab, Mdaehesh bin Muhammad bin Abdulrahman Almdaehesh, Khalid bin Ibrahim bin Ali Alsane’, Saleh bin Muhammad bin Obaid Alrshoud, Ismail bin Saleh bin Muhammad Alhathloul, Muhammad bin Saleh bin Ibrahim Alhuraib, Sultan bin Abdulrahman bin Muhammad Aba Alkhail, Ahmad bin Ali bin Sulaiman Alyahya, Fahad bin Abdulaziz bin Sulaiman Alskeit, Abdulmalik bin Abdulaziz bin Sulaiman Alskeit, Dham bin Muhammad bin Hamoud Aldham, Abdullatif bin Abdulaziz bin Abdullah Alkanhal, Ali bin Saleh bin Ali Alothaim, Abdullah bin Muhammad bin Abdulkarim Alaqul, Ali bin Sulaiman bin Ali Alothman, Yazid bin Musaed bin Saud Alosaimi, and Fawaz bin Jarbou’ bin Nasser Alqfari were all convicted in the case, which was referred to the CMA by the Public Prosecution.

The decision concluded with the conviction of the abovementioned individuals for violating Article (49/a) of the Capital Market Law, as well as Article (2/a) of the Market Conduct Regulations, when trading shares of Dar Al Arkan during the period between April 27, 2017, and Jan. 23, 2018, as well as the period between Feb. 18, 2018, and May 31, 2018.

Such acts and practices represent manipulation and fraud. They created a false and misleading impression of the securities of the said company. Violations were conducted through the violators’ portfolios or portfolios they manage by entering buy and sell orders, aiming to impact the stock price or closing price.

The decision included the imposition of a number of sanctions upon them according to the following:

First: Muhammad bin Abdullah bin Saleh Alsa’ab:

Imposing a fine upon him amounting to SAR 100,000.

Obliging him to pay to CMA account the amount of SAR 14.14 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of Six months, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of Six months.

Second: Mdaehesh bin Muhammad bin Abdulrahman Almdaehesh:

Imposing a fine upon him amounting to SAR 400,000.

Obliging him to pay to CMA account the amount of SAR 56.89 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of One year, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of One year.

Third: Khalid bin Ibrahim bin Ali Alsane’:

Imposing a fine upon him amounting to SAR 400,000.

Obliging him to pay to CMA account the amount of SAR 66.136 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of One year, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of One year.

Fourth: Saleh bin Muhammad bin Obaid Alrshoud:

Imposing a fine upon him amounting to SAR 60,000.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of Six months, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of Six months.

Fifth: Ismail bin Saleh bin Muhammad Alhathloul:

Imposing a fine upon him amounting to SAR 375,000.

Obliging him to pay to CMA account the amount of SAR 19.355 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of One year, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of One year.

Sixth: Muhammad bin Saleh bin Ibrahim Alhuraib:

Imposing a fine upon him amounting to SAR 80,000.

Obliging him to pay to CMA account the amount of SAR 3.797 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of Six months, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of Six months.

Seventh: Sultan bin Abdulrahman bin Muhammad Aba Alkhail:

Imposing a fine upon him amounting to SAR 450,000.

Obliging him to pay to CMA account the amount of SAR 60.750 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of One year, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of One year.

Eighth: Ahmad bin Ali bin Sulaiman Alyahya:

Imposing a fine upon him amounting to SAR 900,000.

Obliging him to pay to CMA account the amount of SAR 50.715 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of One year, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of One year.

Ninth: Fahad bin Abdulaziz bin Sulaiman Alskeit:

Imposing a fine upon him amounting to SAR 375,000.

Obliging him to pay to CMA account the amount of SAR 117.223 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of One year, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of One year.

Tenth: Abdulmalik bin Abdulaziz bin Sulaiman Alskeit:

Imposing a fine upon him amounting to SAR 175,000.

Obliging him to pay to CMA account the amount of SAR 32.271 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of Six month, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of Six month.

Eleventh: Dham bin Muhammad bin Hamoud Aldham:

Imposing a fine upon him amounting to SAR 350,000.

Obliging him to pay to CMA account the amount of SAR 74.221 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of One year, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of One year.

Twelfth: Abdullatif bin Abdulaziz bin Abdullah Alkanhal:

Imposing a fine upon him amounting to SAR 120,000.

Obliging him to pay to CMA account the amount of SAR 10.341 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of Six month, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of Six month.

Thirteenth: Ali bin Saleh bin Ali Alothaim:

Imposing a fine upon him amounting to SAR 140,000.

Obliging him to pay to CMA account the amount of SAR 47.288 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of Six month, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of Six month.

Fourteenth: Abdullah bin Muhammad bin Abdulkarim Alaqul:

Imposing a fine upon him amounting to SAR 225,000.

Obliging him to pay to CMA account the amount of SAR 611,542, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of Six month, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of Six month.

Fifteenth: Ali bin Sulaiman bin Ali Alothman:

Imposing a fine upon him amounting to SAR 450,000.

Obliging him to pay to CMA account the amount of SAR 80.293 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of One year, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of One year.

Sixteenth: Yazid bin Musaed bin Saud Alosaimi:

Imposing a fine upon him amounting to SAR 550,000.

Obliging him to pay to CMA account the amount of SAR 79.773 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of One year, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of One year.

Seventeenth: Fawaz bin Jarbou’ bin Nasser Alqfari:

Imposing a fine upon him amounting to SAR 925,000.

Obliging him to pay to CMA account the amount of SAR 83.11 million, against the illegal gains achieved in his portfolios.

Banning him from trading through direct or indirect purchase in the Saudi Exchange for a period of six month, excluding trading through investment funds with Authorized Persons.

Banning him from managing portfolios in the Saudi Exchange for a period of six month.

The decision also included obliging a number of investors to pay to CMA account a total amount of SAR 399.60 million, against the illegal gains achieved in their portfolios that resulted from the illegal trading transactions committed by Ismail bin Saleh bin Muhammad Alhathloul, Yazid bin Musaed bin Saud Alosaimi, Ahmad bin Ali bin Sulaiman Alyahya, Fawaz bin Jarbou’ bin Nasser Alqfari and Sultan bin Abdulrahman bin Muhammad Aba Alkhail.

Furthermore, any person affected by these violations in this case is entitled to file a compensation claim (as individual or class action) with the CRSD for the damage he/she suffered from due to these violations, provided that such claim is preceded by a complaint filed with CMA on this regard, via the following link: (File Complaint).

However, the GS-CRSD will announce to the public on its website in case of registering any class action in order to enable the rest of investors affected by such violations to apply to the CRSD to join the class action.

To view the dates of trading and securities, click here

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Argaam EN – https://www.argaam.com/en/article/articledetail/id/1658139

Tags: ‎ACRSDbusinessissues
Previous Post

Girl, 9, with terminal disease rushing to complete her bucket list before losing her memory

Next Post

‎GACA issues June classification for air transport service providers, airports

Scientists Finally Reveal the Hidden Trigger Behind Lightning Strikes

Scientists Uncover the Long-Standing Mystery Behind What Triggers Lightning

August 2, 2025
Young minds explore science at NDSU summer research program – InForum

Young Minds Ignite Curiosity at NDSU Summer Science Research Program

August 2, 2025
PlayStation Preparing to Release More Games on Xbox – Report – PlayStation LifeStyle

PlayStation Gears Up to Launch Exciting New Games on Xbox

August 2, 2025
Lexington County hits a home run hosting the Diamond Youth Baseball World Series – WLTX

Lexington County Hits a Home Run Hosting the Diamond Youth Baseball World Series

August 2, 2025
Some rural Texans see THC as a lifeline for their health and economy – The Texas Tribune

How THC Is Revolutionizing Health and Sparking Economic Growth in Rural Texas

August 2, 2025
Fox Corporation Acquires One-Third Interest in Penske Entertainment – INDYCAR.com

Fox Corporation Makes Bold Move with Major Investment in Penske Entertainment, Powering INDYCAR’s Future

August 2, 2025
Minnesotans face health impacts as wildfire smoke lingers – kare11.com

Minnesotans face health impacts as wildfire smoke lingers – kare11.com

August 2, 2025
Trump announces sweeping new levies for scores of countries – as it happened – The Guardian

Trump announces sweeping new levies for scores of countries – as it happened – The Guardian

August 2, 2025
Livonia police use grappler technology to stop drunk driver – ClickOnDetroit | WDIV Local 4

Livonia Police Deploy Grappler Technology to Safely Stop Drunk Driver

August 2, 2025
New NIL guidance from College Sports Commission softens stance on collective payments to athletes – CBS Sports

New NIL guidance from College Sports Commission softens stance on collective payments to athletes – CBS Sports

August 2, 2025

Categories

Archives

August 2025
MTWTFSS
 123
45678910
11121314151617
18192021222324
25262728293031
« Jul    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (750)
  • Economy (776)
  • Entertainment (21,653)
  • General (16,251)
  • Health (9,813)
  • Lifestyle (784)
  • News (22,149)
  • People (776)
  • Politics (785)
  • Science (15,989)
  • Sports (21,271)
  • Technology (15,753)
  • World (758)

Recent News

Scientists Finally Reveal the Hidden Trigger Behind Lightning Strikes

Scientists Uncover the Long-Standing Mystery Behind What Triggers Lightning

August 2, 2025
Young minds explore science at NDSU summer research program – InForum

Young Minds Ignite Curiosity at NDSU Summer Science Research Program

August 2, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version