BRIEF-Saudi CMA Refers 17 Suspects Of Cenomi Retail To Public Prosecution

CENOMI RETAIL

CENOMI RETAIL

4240.SA

0.00

May 20 (Reuters) - THE CAPITAL MARKET AUTHORITY (CMA):

  • REFERS 17 SUSPECTS TO PUBLIC PROSECUTION, INCLUDING FORMER AND CURRENT BOARD MEMBERS OF CENOMI RETAIL, A CEO, SEVERAL FINANCIAL MANAGERS AND AUDIT TEAM MEMBERS AT CO'S FORMER AUDITOR

  • REFERRAL IS DUE TO SUSPECTED VIOLATIONS OF CAPITAL MARKET LAW AND MARKET CONDUCT REGULATIONS, AS WELL AS SUSPECTED BREACHES OF COMPANIES LAW BY CERTAIN BOARD MEMBERS AND ACTING CEO

  • PUBLIC PROSECUTION FILED PENAL CASE AGAINST SUSPECTS WITH THE COMMITTEE FOR RESOLUTION OF SECURITIES DISPUTES (CRSD)

  • REFERRAL TO PUBLIC PROSECUTION WAS MADE IN ACCORDANCE WITH CMA BOARD DECISION, BASED ON RESULTS OF FORENSIC INSPECTION CONDUCTED BY TEAM APPOINTED BY CMA

Further company coverage: 4240.SE


This page is machine-translated. Sahm tries to improve but does not guarantee the accuracy and reliability of the translation, and will not be liable for any loss or damage caused by any inaccuracy or omission of the translation. *Disclaimer: The above content only represents the author's personal position and opinion and does not represent any position of Sahm Capital Financial Company and Sahm cannot confirm the authenticity, accuracy, and originality of the above content. Investors should consider the risks of investment products in light of their circumstances before making any investment decisions. When necessary, please consult a professional investment advisor. Sahm does not provide any investment advice, nor does it make any commitments and guarantees.