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.
Details of the announcement can be found on the website of the GS-CRSD via the following link:
Furthermore, the CMA took the initiative to facilitate the procedures of requesting to join the abovementioned class action lawsuit via an electronic link on the CMA’s website, making it easier for the affected investors who meet the conditions to submit their requests without the need to personally come to the headquarters of the CMA or the GS-CRSD.