The Capital Market Authority (CMA) announces the issuance of the Committee for Resolution of Securities Disputes' (CRSD) decision No. (33/L/D1/C/2026) of 1448 H., dated 06/01/1448 H., corresponding to 21/06/2026, approving the acceptance of the request to register the class action lawsuit filed by an investor against Hamil AlMusk for Business Services Holding Company, as a result of the Company's act when it offered its shares for public subscription without following the regulatory procedures and in violation of the rules of Article (31) of the Capital Market Law.
The CMA notes that any person who had subscribed in the shares of Hamil AlMusk for Business Services Holding Company, has the right to submit a request to the CRSD to join the aforementioned class action within (90) days from the date of this announcement, pursuant to Article (57) of the Resolution of Securities Disputes Proceedings Regulations. The CRSD will examine the submitted request according to the lawful procedures.
The CMA reaffirms its commitment to investor protection and to enforcing the Capital Market Law and its implementing regulations in a manner that ensures fairness, efficiency, and transparency in securities transactions. The CMA also emphasizes that protecting investors in the capital market from unfair or improper practices involving fraud, deception, or manipulation remains one of its top priorities. The CMA is constantly working to provide appropriate means for investors to exercise their rights, and organize and develop procedures that assure limiting the risks connected to securities dealings, as well as facilitating litigation procedures for securities dealers and reduce litigation costs, all in a manner that ensures those affected receive their compensation as quickly and easily as possible, aiming to achieve investor protection.
Announcement of the GS-CRSD (link)
Request to Join the Class Action Lawsuit (link)
