The Capital Market Authority (CMA) has directed Turki bin Sultan bin Hamad bin Salim to pay SAR 2.75 million for illegal gains in his investment portfolios, the regulator said in a statement on Tuesday.
Bin Salim was also fined SAR 640,000 for violating trading laws, the CMA said.
The defendant was convicted for unlawfully trading shares of several Tadawul-listed companies between Nov. 6, 2012 and Nov. 21, 2013.
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