Imposition of a Penalty on Bupa Arabia for Cooperative Insurance
Wednesday, March 11, 2015 at 12:00 AM
2015-03-11 (1436/05/20) 15:40:39
The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 10,000 (Ten Thousand Saudi Riyals) on Bupa Arabia for Cooperative Insurance 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 10/02/1434 corresponding to 23/12/2012. The company did not send the electronic disclosure form number (1) related to assigning representatives of the company at CMA once the change happened.