Request for Joining the List of Plaintiffs

Filing a Class Action

As part of the Capital Market Authority’s (CMA) continuous efforts to develop the financial market in the Kingdom, protect its investors, strengthen the mechanisms for compensating investors, and facilitate litigation procedures for dealers in the capital market to ensure that those affected receive their compensation  in the easiest and prompt way possible, and based on the  Capital Market Law, issued by the decree Royal No. (M/30) and dated 06/02/1424 AH), the Authority’s Board has issued its Resolution on amending the Resolution of Securities Disputes Proceedings Regulation (Regulation), by adding a chapter regulating the Class Action Suit, which the CMA has posted on its website.


The regulation of class action suit within the Resolution of Securities Disputes Proceedings Regulation, aims to facilitate litigations proceedings where the plaintiff is a group of persons who share the same legal issues, merits, and subject matter of requests, which is appropriate to the nature of the listed companies and the size of their shareholders. The amendment also aims to develop litigation mechanisms and procedures in line with the best international practices, all of which are to enhance the attractiveness of the Saudi capital market and reduce the risk of investing in it, in addition to its role in reducing the time required to resolve investor compensation issues, which in turn, facilitate the work of the committees on one hand and focuses the efforts of investors on the other hand.


The Amended Regulations can be viewed on the Authority’s website at:
The Resolution of Securities Disputes Proceedings Regulations

The class action presentation can also be viewed at:

Class Action Presentation


Requests for Filing a Class Action
The Capital Market Authority receives the requests for filing a class action that fall within the scope of the provisions of the Capital Market Law and its Implementing Regulations, study them, conduct necessary investigation to confirm the validity of the Class Action Suit, and files it at the Resolution of Securities Disputes (CRSD)​.


How to file an official Class Action to the Capital Market Authority

- Through CMA official website

- Through CMA Head Office: King Fahad Road, Ground Floor, Investor Protection office



Documents to be attached with the Class Action

• 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 institutions, a copy of the commercial registration, and the compliant should be signed by the authorised person to complete the process.

• A copy of the legal of attorney and the National ID of the legal agent.

• A copy of all supporting documents

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