Imposition of a Penalty on Al-Ahsa Development Co.

Monday, February 16, 2015 at 12:00 AM

2015-02-16 (1436/04/27) 15:50:55 The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 20,000 (Twenty Thousand Saudi Riyals) on Al-Ahsa Development Co. due to its violation of clause (A) of Article (4) of the Listing Rules and the instructions mentioned in the electronic disclosure form number (1) which was approved by CMA’s Board resolution numbered (1-39-2012) and dated 23/12/2012. The company did not send the electronic disclosure form number (1) related to assigning a representative of the company at CMA.