| Board members, external auditor, and CEO of a public joint-stock company | • The board of directors of a public joint-stock company violated Article 162(1) and (2) of Federal Decree-Law No. 32 of 2021 on Commercial Companies, as well as Article 20 of the SCA Board Chairman’s Decision No. (3/Chairman) of 2020 Approving the Public Joint-Stock Company Governance Guide. • The company’s external auditor violated Article 248(1) of Federal Decree-Law No. 32 of 2021 on Commercial Companies, as well as Article 71(4) of the SCA Board Chairman’s Decision No. (3/Chairman) of 2020 Approving the Public Joint-Stock Company Governance Guide. • A former CEO violated Article 162(1) and (2) of Federal Decree-Law No. 32 of 2021 on Commercial Companies. | Referral to public prosecution
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A social media account holder
| A holder of a social media account has committed a crime by forging and misusing the SCA’s name and logo, fabricating a message and falsely attributing it to the SCA, and spreading rumors and fake and misleading information under the SCA’s name. This act constitutes a violation of Article 246 of Federal-Decree Law No. 31 of 2021 concerning the UAE Penal Code, as well as Article 52 of Federal-Decree Law No. 34 of 2021 on Countering Rumors and Cybercrimes.
| Referral to public prosecution
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An investor
| There are suspicions that sale transactions executed by an investor involving the shares of a public joint-stock company were based on leaked and undisclosed information, violating Articles 37 and 39 of Federal Law No. 4 of 2000 concerning the Emirates Securities and Commodities Authority and Market. If proven, this violation is punishable under Article 41 of the same law.
| Referral to public prosecution
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