The Capital Market Authority of Saudi Arabia (CMA) is authorized to receive complaints that fall within the scope of the provisions of the Capital Market Law and its Implementing Regulations. CMA studies complaint, conduct necessary investigation to confirm its validity and settle disputes that arise between the parties involved in the securities business.
CMA also handles receiving and referring the complaints in disputes to the Saudi Stock Exchange (Tadawul) for settlement. If the settlement is impossible, the complaint is returned to the CMA to issue a notice to enable the complainant to follow up on his/ her suit at the Committee for the Resolution of Securities Disputes (CRSD).
Documents to be attached to the complaint are the followings:
For individuals: a copy of the National ID for Saudis and GCC citizens, Muqeem ID for non-Saudis, or a copy of the passport for those residing abroad.
For companies and corporations: a copy of the commercial registration and the complaint should be signed by the authorized person (the complaint won't be considered nor its procedures completed if it was not attached).
A copy of the power of attorney and the National ID for the legal representative.
A copy of the supporting documents.
Our legal consultants provide all legal services related to the financial and capital market system and its regulations, such as:
Listing in the financial market,
Acquisition and merger,
Reducing or increasing the capital of joint-stock companies,
Investment agreements in shares, custody services, derivatives, instruments, and bonds.
Thus we at Fahad Al-Tamimi handle all kinds of cases resulting from shares and deeds as well as the extent of legality of their circulation and extent of commitment by the companies registered in CMA before the Committee for the Resolution of Securities Disputes (CRSD) for the resolution of securities disputes.
FOREIGN COMPANY ESTABLISHMENT UNDER MISA
We assist and provide our services to multi-national foreign clients in preparing and planning investment and business set up in Saudi Arabia through the following required steps:
We at Fahad Al-Tamimi Law Firm assume the role of mediator between the local and foreign investors through the Ministry of Investment of Saudi Arabia (MISA) and the other Saudi Government’s ministries and departments.