CMA accepts class action by female investor against Hamel Al-Misk Business Services Holding, decision 33/L/D1/J/2026

The Capital Market Authority has announced that the Committee for the Resolution of Securities Disputes has issued decision No. 33/L/D1/J/2026 for the year 1448 AH, dated 06/01/1448 AH (corresponding to June 21, 2026), approving the registration of a class action lawsuit filed by a female investor against Hamel Al-Misk Business Services Holding Company. The lawsuit alleges that the company offered its shares to the public without following regulatory procedures, in violation of Article 31 of the Capital Market Law.

The Authority noted that anyone who subscribed to shares of Hamel Al-Misk Business Services Holding Company may apply to join the class action within 90 days from the date of this announcement, through the Capital Market Authority's website. This is in accordance with Article 57 of the Regulations for the Resolution of Securities Disputes. The committee will review all applications in line with regulatory procedures.

The Capital Market Authority reaffirmed its commitment to protecting investors and enforcing the Capital Market Law and its implementing regulations to ensure fairness, efficiency, and transparency in securities transactions. The Authority emphasized that protecting investors from unfair or improper practices, including fraud, deception, or manipulation, is among its top priorities. It continues to provide appropriate means for investors to exercise their rights, organize and develop procedures to reduce risks associated with securities transactions, and facilitate litigation procedures to lower costs and ensure that affected parties receive compensation as quickly and efficiently as possible, thereby safeguarding investor interests.