The regulation of the Class Action Suit included in the Resolution of Securities Disputes Proceedings Regulations aims to facilitate litigation procedures in cases in which the plaintiff is a large group of persons who all share the same legal issues and claims, which is commensurate with the nature of the listed joint stock companies and the size of their shareholders. In additional to develop the litigation mechanisms and procedures to meet the best international practices in order to promote the attractiveness of the Saudi capital market and minimizes the risks involved in investing therein; in addition to its role in reducing the time period needed to decide on investors' compensation cases. This would ease the committee’s mission and focus investors efforts on the other hand.
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Last Modified Date: 08/03/2023 - 7:15 AM Saudi Arabia Time
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