Commercial Companies Law

Article 355 — Article (355) Manipulating Securities Prices

Part Eleven: Offences and Penalties

The chairman, Director or other employee of a Company who participates, directly or indirectly, with any entity involved in any activities or transactions intended to influence the prices of Securities issued by the Company shall be liable to imprisonment sentence for a term of up to six [6] months and / or a fine between AED 1,000,000 [one million dirhams] and AED 10,000,000 [ten million dirhams].

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