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Saudi Bishah Chairman Sentenced to Three Months Jail For Insider Trading
Reuters reports that Najm-Eddine Ahmad Najm-Eddine Dhafer, the chairman of Bishah Agricultural Development Co., has been sentenced to three months in jail after he was found guilty of insider trading. The Capital Market Authority said in a statement that the Committee for the Resolution of Securities Disputes (CRSD) issued a final verdict against Dhafer. It […]
Saudi Arabia: CMA Fines Billionaire Investor for Insider Trading
Saudi Arabia’s Capital Market Authority has fined billionaire Mohammed bin Ibrahim bin Mohammed al-Issa, an investor and shareholder in several listed companies, for insider trading. The CMA fined Issa 100,000 riyals ($26,667) after an appeal affirmed a ruling that Issa conducted “insider trading in shares of Saudi Hotels Co based on his membership of the […]