Saudi market regulator, the Capital Market Authority (CMA) said the Appeal Committee for the Resolution of Securities Conflicts (ACRSC) cancelled a fine of SAR 50,000 on Mouwasat Medical Services Co. pertaining to a legal claim filed by the company against the Saudi market regulator, according to a statement.
In March 2017, the CMA imposed a SAR 50,000 worth of fine on Mouwasat as it banned a shareholder from voting in the company’s ordinary general meeting held on Dec. 26, 2016.
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