Join a Class Action Suit
The regulation of the Class Action Suit included in the Resolution of Securities Disputes Proceedings Regulations aims to facilitate litigation procedures in cases in which the plaintiff is a large group of persons who all share the same legal issues and claims, which is commensurate with the nature of the listed joint stock companies and the size of their shareholders. In additional to develop the litigation mechanisms and procedures to meet the best international practices in order to promote the attractiveness of the Saudi capital market and minimizes the risks involved in investing therein; in addition to its role in reducing the time period needed to decide on investors' compensation cases. This would ease the committee’s mission and focus investors efforts on the other hand.
1) 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.
As for institutions and companies: a copy of the commercial registration, and the request for joining class action should be signed by the authorised person (the request for joining class action will not be considered nor its procedures completed if it isnot attached).
2) A copy of the power of attorney and the National ID for the legal representative.
3) A copy of the joining request's supporting documents..