Riyadh – Mubasher: Saudi Arabia’s Capital Market Authority announced Thursday it referred a number of suspects in Mobily case to public prosecution.
The market regulator announced in November commencing procedures to verify whether there were any violations to the capital market law and its implementing regulations by Etihad Etisalat Co. (Mobily).
The suspects are accused of conducting businesses during their term at the executive management, when violations have occurred, which created a false or misleading impression as to the value of the company security.
