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03-Jan-2016

Capital Markets Authority sends Mobily case to Public Prosecutor

The Capital Markets Authority (CMA) of KSA has announced i) referring a number of suspects in Mobily to the public prosecutor for investigation; ii) filling a lawsuit before the Committee of the Resolution of Securities Disputes (CRSD); iii) referring the suspects in violation to the Ministry of Commerce and Industry; iv) referring the suspects to the Ministry of Telecommunications and Information Technology; and v) continuing the investigation with other parties in related violations. (Tadawul)   Mobily: SAR28.29 as of 31 December 2015, Rating: Neutral, FV: SAR30.39 per share, MCap: USD5,809 million, EEC AB / 7020.SE

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