Announcing Extension of Period for Accepting
General Secretariat of CRSD Announces Issuance of CRSD Decision to Extend Limitation for Accepting Requests to Join Class Action Filed by Investor against Number of Former Executives in Etihad Etisalat Co. (Mobily) for Period of (90) Days


Further to the announcement of the General Secretariat of Committees for Resolution of Securities Disputes (GS-CRSD) on 21/04/1442 H., corresponding to 06/12/2020, regarding the issuance of the Committee for Resolution of Securities Disputes (CRSD) decision No. (6/L/D1/C/2020) of 1442 H. dated 09/04/1442 H. corresponding to 24/11/2020, indicating the acceptance of the request to register the class action lawsuit submitted by an investor against some senior executives in Etihad Etisalat Co. (Mobily), which included that the time limitation for submitting the requests with CRSD to join the class action is (90) days as of the announcement date;

The GS-CRSD announces the issuance of CRSD decision No. (8/L/D1/C/2021) of 1442 H. dated 09/07/1442 H., corresponding to 21/02/2021, stating the extension of limitation to accept requests of joining the class action (90) days starting from the expiry date of the previous 90-day limitation as of the announcement date of issuing CRSD decision No. (6/L/D1/C/2020) of 1442 H. dated 09/04/1442 H., corresponding to 24/11/2020, which was published on 21/04/1442 H. corresponding to 06/12/2020.  

According to Article (52) of the Resolution of Securities Dispute Proceedings Regulations, any person who purchased the Company’s shares after announcing on 16/07/2013 its initial financial results for the second quarter of 2013, which included the misleading and false information, and maintained the ownership of such shares until the Company's share was suspended at the end of the trading session on 29/10/2014, (being the last date of trading the Company's share before announcing on 03/11/2014 its preliminary financial results for the third quarter of 2014, and its disclosure of its mistake in the timing of revenue recognition and its adjustment of its financial results for the previous financial periods), has the right, if he/she did not previously submitted, to submit a request with the CRSD to join the abovementioned class action lawsuit, within a period of (90) days starting from the expiry date of the limitation indicated in the GS-CRSD announcement on 21/04/1442 H., corresponding to 06/12/2020. 

The CRSD will study his/her request in accordance with lawful procedures, provided that the request is submitted through the CMA via the following link:

Request to Join Class Action Lawsuit