The General Secretariat of the Committees for Resolution of Securities Disputes (GS-CRSD) announces the issuance of the Appeal Committee for Resolution of Securities Disputes' (ACRSD) final decision No. (3751/L.S/2025) of 1446 H., dated 24/11/1446 H., corresponding to 22/05/2025, on the public penal case filed by the Public Prosecution (referred to it by the Capital Market Authority (CMA)) against: Amer bin Ahmad bin Hussein Al'enizi, Faris bin Lafi bin Marfu Alshammari, Nasser bin Hameed bin Awad Al'enizi, Walid bin Ahmad bin Saeed Alzahrani, Mansour bin Hameed bin Awad Al'enizi, Alian bin Turki bin Alian Alsubai'i, Fahad bin Hassan bin Muhammad 'Atin, Ziyad bin Muhammad bin Farwan Al'enizi, Muhammad bin Hameed bin Awad Al'enizi, Yasser bin Hameed bin Awad Al'enizi, Sultan bin Hameed bin Awad Al'enizi, Amer bin Mahidi bin Thani Al'enizi, Mona bint Ahmad bin Saeed Alzahrani, Awad bin Hameed bin Awad Al'enizi, Nawaf bin Madlul bin Mnawir Alshammari, Shaalan bin Awaad bin Hassan Alharbi, Bandar bin Mnawir bin Muzail Al'enizi, Hamad bin Nazal bin Muhammad Al'enizi, Tariq bin Muhammad bin Farwan Al'enizi, Bassam bin Obaid bin Ibrahim Al'enizi, Abdullah bin Qasim bin Ashban Al'enizi, Salman bin Hameed bin Awad Al'enizi, and Amer bin Saleh bin Bustan Al'enizi.

The decision concluded with the conviction of the abovementioned individuals of violating Article (49.a) of the Capital Market Law and Article (2.a) of the Market Conduct Regulations, for their act, individually and jointly, of entering purchase orders with the aim of influencing the price of share/unit, and entering purchase orders with the aim of influencing the price of share/unit then selling such shares/units, when trading on the following shares of Companies and units of one real estate investment fund: Amlak International Finance, Takween Advanced Industries, Middle East Paper, Naseej International Trading, Al Hassan Ghazi Ibrahim Shaker, Al Yamamah Steel Industries, Saudi Steel Pipe, BAAN Holding Group, Saudi Arabia Refineries, Alkhorayef Water and Power Technologies, National Gypsum, Wafrah for Industry and Development, Saudi Advanced Industries, Saudi Industrial Development, AYYAN Investment, The National Company for Glass Industries, Saudi Arabian Amiantit, Arabian Pipes, National Metal Manufacturing and Casting, Zamil Industrial Investment, Saudi Industrial Investment Group, Tanmiah Food, Saudi Vitrified Clay Pipes, Middle East Specialized Cables, Najran Cement, Northern Region Cement, Zahrat Al Waha for Trading, Al Kathiri Holding, Dur Hospitality, Lazurde Company for Jewelry, Thob Al Aseel, Saudi Real Estate, Baazeem Trading, Anaam International Holding Group, Tihama Advertising and Public Relations, Arabian Contracting Services, Sinad Holding, Nayifat Finance, Batic Investments and Logistics, Al-Baha Investment and Development, Saudi Industrial Export, Arriyadh Development, Almunajem Foods, Fitaihi Holding Group, Abdullah Saad Mohammed Abo Moati for Bookstores, Red Sea International, Saudi Printing and Packaging, Alkhaleej Training and Education, Ataa Educational, Knowledge Economic City, Alandalus Property, AlJazira REIT, Fawaz Abdulaziz Alhokair, Herfy Food Services, Raydan Food, Al Gassim Investment Holding, Tabuk Agricultural Development, Saudi Fisheries, Ash-Sharqiyah Development, Al-Jouf Agricultural Development, Arab Sea Information System, Malath Cooperative Insurance, the Mediterranean and Gulf Insurance and Reinsurance, Walaa Cooperative Insurance, Saudi Arabian Cooperative Insurance, Alahli Takaful, United Cooperative Assurance, Allied Cooperative Insurance Group, Bupa Arabia for Cooperative Insurance, Al-Rajhi Company for Cooperative Insurance, Wataniya Insurance, Saudi Enaya Cooperative Insurance, and Alinma Tokio Marine, during the period between 03/01/2021 until 16/08/2022. Such acts and practices constituted manipulation and fraud, and created a false and misleading impression regarding the security of the abovementioned Companies and Funds.

The decision included the imposition of a number of sanctions upon them according to the following: 

First: Amer bin Ahmad bin Hussein Al'enizi:

1. Imposing a fine upon him amounting to (SR. 93,000) ninety-three thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 181,020.82) one hundred eighty-one thousand twenty Saudi Riyals and eighty-two Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Second: Faris bin Lafi bin Marfu Alshammari:

1. Imposing a fine upon him amounting to (SR. 99,000) ninety-nine thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 20,537.82) twenty thousand five hundred thirty-seven Saudi Riyals and eighty-two Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Third: Nasser bin Hameed bin Awad Al'enizi:

1. Imposing a fine upon him amounting to (SR. 63,000) sixty-three thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 20,016.38) twenty thousand sixteen Saudi Riyals and thirty-eight Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Fourth: Walid bin Ahmad bin Saeed Alzahrani:

1. Imposing a fine upon him amounting to (SR. 73,000) seventy-three thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 74,278.45) seventy-four thousand two hundred seventy-eight Saudi Riyals and forty-five Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Fifth: Mansour bin Hameed bin Awad Al'enizi:

1. Imposing a fine upon him amounting to (SR. 70,000) seventy thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 45,227.50) forty-five thousand two hundred twenty-seven Saudi Riyals and fifty Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Sixth: Alian bin Turki bin Alian Alsubai'i:

1. Imposing a fine upon him amounting to (SR. 64,000) sixty-four thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 38,882.54) thirty-eight thousand eight hundred eighty-two Saudi Riyals and fifty-four Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Seventh: Fahad bin Hassan bin Muhammad 'Atin:

1. Imposing a fine upon him amounting to (SR. 64,000) sixty-four thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 50,485.71) fifty thousand four hundred eighty-five Saudi Riyals and seventy-one Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Eighth: Ziyad bin Muhammad bin Farwan Al'enizi:

1. Imposing a fine upon him amounting to (SR. 68,000) sixty-eight thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 197,829.19) one hundred ninety-seven thousand eight hundred twenty-nine Saudi Riyals and nineteen Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Ninth: Muhammad bin Hameed bin Awad Al'enizi:

1. Imposing a fine upon him amounting to (SR. 40,000) forty thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 21,008.57) twenty-one thousand eight Saudi Riyals and fifty-seven Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.​
   

Tenth: Yasser bin Hameed bin Awad Al'enizi:

1. Imposing a fine upon him amounting to (SR. 33,000) thirty-three thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 10,883.46) ten thousand eight hundred eighty-three Saudi Riyals and forty-six Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Eleventh: Sultan bin Hameed bin Awad Al'enizi:

1. Imposing a fine upon him amounting to (SR. 65,000) sixty-five thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 36,761.30) thirty-six thousand seven hundred sixty-one Saudi Riyals and thirty Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Twelfth: Amer bin Mahidi bin Thani Al'enizi

1. Imposing a fine upon him amounting to (SR. 35,000) thirty-five thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 131,626.40) one hundred thirty-one thousand six hundred twenty-six Saudi Riyals and forty Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Thirteenth: Mona bint Ahmad bin Saeed Alzahrani:

1. Imposing a fine upon her amounting to (SR. 34,000) thirty-four thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 11,611.51) eleven thousand six hundred eleven Saudi Riyals and fifty-one Halalas, against the illegal gains achieved in her portfolio.
3. Banning her from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Fourteenth: Awad bin Hameed bin Awad Al'enizi:

1. Imposing a fine upon him amounting to (SR. 27,000) twenty-seven thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 4,410.08) four thousand four hundred ten Saudi Riyals and eight Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.
   

Fifteenth: Nawaf bin Madlul bin Mnawir Alshammari:

1. Imposing a fine upon him amounting to (SR. 44,000) forty-four thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 21,636.45) twenty-one thousand six hundred thirty-six Saudi Riyals and forty-five Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Sixteenth: Shaalan bin Awaad bin Hassan Alharbi:

1. Imposing a fine upon him amounting to (SR. 66,000) sixty-six thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 150,249.30) one hundred fifty thousand two hundred forty-nine Saudi Riyals and thirty Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.
   

Seventeenth: Bandar bin Mnawir bin Muzail Al'enizi:

1. Imposing a fine upon him amounting to (SR. 37,000) thirty-seven thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 123,785.98) one hundred twenty-three thousand seven hundred eighty-five Saudi Riyals and ninety-eight Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Eighteenth: Hamad bin Nazal bin Muhammad Al'enizi:

1. Imposing a fine upon him amounting to (SR. 21,000) twenty-one thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 7,289.15) seven thousand two hundred eighty-nine Saudi Riyals and fifteen Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Nineteenth: Tariq bin Muhammad bin Farwan Al'enizi:

1. Imposing a fine upon him amounting to (SR. 16,000) sixteen thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 2,233.12) two thousand two hundred thirty-three Saudi Riyals and twelve Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.
   

Twentieth: Bassam bin Obaid bin Ibrahim Al'enizi:

1. Imposing a fine upon him amounting to (SR. 36,000) thirty-six thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 14,814.14) fourteen thousand eight hundred fourteen Saudi Riyals and fourteen Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Twenty-first: Abdullah bin Qasim bin Ashban Al'enizi:

1. Imposing a fine upon him amounting to (SR. 14,000) fourteen thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 26,236.37) twenty-six thousand two hundred thirty-six Saudi Riyals and thirty-seven Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Twenty-second: Salman bin Hameed bin Awad Al'enizi:

1. Imposing a fine upon him amounting to (SR. 15,000) fifteen thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 3,948.29) three thousand nine hundred forty-eight Saudi Riyals and twenty-nine Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Twenty-third: Amer bin Saleh bin Bustan Al'enizi:

1. Imposing a fine upon him amounting to (SR. 10,000) ten thousand Saudi Riyals.
2. Obliging him to pay to the CMA account the amount of (SR. 19,419.75) nineteen thousand four hundred nineteen Saudi Riyals and seventy-five Halalas, against the illegal gains achieved in his portfolio.
3. Banning him from trading by purchasing shares, either directly or indirectly, in the Saudi Exchange, except trading through investment funds with capital market institutions, for a period of One year.

Additionally, the decision concluded with obliging an investor to pay to the CMA account a total amount of (SR. 74,914.99) seventy-four thousand nine hundred fourteen Saudi Riyals and ninety-nine Halalas, against the illegal gains achieved in her portfolio that resulted from the illegal trading committed by the convicted person Ziyad bin Muhammad bin Farwan Al'enizi.

Furthermore, any person affected by these violations in this case is entitled to file a compensation claim (as individual or class action) with the CRSD for the damage he/she suffered from due to these violations, provided that such claim is preceded by a complaint filed with the CMA on this regard, via the following link: (File Complaint)

However, the GS-CRSD will announce to the public on its website in case of registering any class action in order to enable the rest of investors who were affected by such violations to apply to the CRSD to join the class action. ​

(To view the dates of trading and security in relation to the violation, click here​ )