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Saudi Regulator's Committee Accepts Class Action Against Hamil AlMusk Over Share Subscription

MT Newswires·08/20/2026 10:12:51
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10:12 AM EDT, 08/20/2026 (MT Newswires) -- A committee of Saudi Arabia's Capital Market Authority accepted a request to register a class action lawsuit against fragrance and beauty products company Hamil AlMusk for Business Services Holding, according to a Thursday release. The case was filed by an investor claiming that Hamil AlMusk violated the Capital Market Law when it offered its shares for public subscription without following regulatory procedures. Any individual who participated in the subscription can submit a request to the Committee for Resolution of Securities Disputes to join the class action within the next 90 days.