29.06.2009 - Saudi investor accepts watchdog’s verdict
From Arabnews.com: A top Saudi retail investor denied yesterday that he engaged in insider trading but said he accepted a verdict earlier this week by the bourse’s watchdog which fined him for the alleged practice. The Capital Market Authority (CMA) said it had fined Mohammed bin Ibrahim bin Mohammed Al-Issa SR100,000 ($26,667) after an appellate body affirmed a ruling that he conducted “insider trading in shares of Saudi Hotels Co. based on his membership of the company’s board”. .......Full Article: Source
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