​The Capital Market Authority announces that the Appeal Committee for the Resolution of Securities Disputes has issued its decision dated 09/09/1437H corresponding to 14/06/2016 regarding the lawsuit filed by the Capital Market Authority against Abdulaziz bin Abdulrahman bin Abdulaziz al Saud And Faisal bin Turki bin Bandar al Saud The decision upheld the previous decision issued by the Committee for the Resolution of Securities Disputes convicting the defendants for violating Article (49) of the Capital Market Law and Articles (2) and (3) of the Market Conduct Regulations for trading the shares of Tourism Enterprise Co. (SHAMS) during the period between 09/03/2013 until 26/03/2013. These practices formed manipulation and fraud and created a misleading and incorrect impression about the mentioned company. The Appeal Committee's decision included the imposition of a fine on each of them in the amount of (80,000) Eighty Thousand Riyals.

The Capital Market Authority insures its devotion to apply the Capital Market Law and its Implementing Regulations as well as protect the investors from illegal acts and whoever is affected by these acts can file a suit for compensation to the committee as per Article 57 of the Law. This must be proceeded by a complaint filed to the Authority.