05-01-2017 17:34 via uk.news.yahoo.com

Saudi body rules on insider trading in Mobily shares

By Tom Arnold DUBAI (Reuters) - A special Saudi Arabia committee has found a number of individuals guilty of providing insider information and insider trading in shares of telecoms operator Mobily , leaving them facing potential jail terms of between one and two years, the kingdom's Capital Market Authority (CMA) said on Thursday. The findings of Saudi Arabia's Committee for the Resolution of Securities Disputes (CRSD) are not final and the accused have 30 days to lodge an appeal, the CMA said.
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