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FinancialNews


  • 12-06-21

    Saudi authorities release renewed warning against insider trading

    (MENAFN)Saudi authorities marked a renewed warning against insider trading, with a legal expert stating that the crackdown is going to improve confidence in the Kingdom’s capital markets.

    The regulations are formed to support transparency in the trading of securities, and a breach of the rules is a criminal matter, Saudi Public Prosecution posted on Twitter.

    The authority further declared that if a person obtains confidential, internal knowledge throughout a family, business or contractual relationship, that person is banned from acting on that information and trading securities related to the exact company.

    The regulation also applies to third parties and the person is not allowed to expose the confidential information to others or to permit them to trade on their behalf. 

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