8 people convicted of violating Saudi financial market laws ordered to pay $80 million
RIYADH: Eight investors convicted of breaking Saudi Arabia’s Capital Market Law have been fined SR9.6 million ($2.559 million) and ordered to pay back SR292.8 million of illicit gains from their own investment portfolios and three belonging to the young children of one of those found guilty.
The Capital Market Authority said that in a final ruling, the Appeal Committee for the Resolution of Securities Disputes had convicted Abdulaziz bin Abdullah…
