Sunday 29 March 2009

Saudi Arabia's bourse regulator probing 92 cases

Saudi Arabia's bourse regulator is probing 92 cases of suspected violations including price manipulation and improper disclosure, the regulator's chief said in remarks published on Saturday.

"There are 92 cases in the phase of subpoenaing and interrogation," Okaz newspaper quoted Abdul-Rahman Al Tuwaijri, chairman of the Capital Market Authority (CMA), as saying.

The cases are among 151 cases registered last year which involve suspected manipulation, misleading, and irregular disclosures and trading, he said.

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