Approval of a Class Action against Some Members of the Board of Directors and Employees in Mohammad Al Mojil Group for investors in the company’s shares from 22/02/2012 until the date of the suspension of the share

Muhammad Al-Mojil Group (during the company's IPO phase), while announcing on May 31, 2021, the issuance of the ACRSD final decision in the class action lawsuit filed by an investor against persons responsible for violations committed in Mohammad Al Mojil Group (during the period after the company's IPO).
Furthermore, the CMA confirms that it is keen to enforce the Capital Market Law and its implementing regulations to assure an advanced and stable capital market that achieves just, sufficient and transparent security trading. The CMA also assures that the protection of investors in the capital market against unjust and inappropriate practices, which include fraud, deceit, cheating, and manipulation, is among its top priorities. The CMA is constantly working to provide appropriate means and capabilities for investors to exercise their rights and to organize and develop procedures that assure limiting the risks connected to securities dealings, as well as  facilitate 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 and reduce risks of investment in the capital market, as well as to enhance its attractiveness.
Details of the announcement can be found published on the website of the GS-CRSD, via the following link:
Announcement of the General Secretariat of CRSD