Imposition of a Fine on Etihad Atheeb Telecommunication Co. (GO), due to the violations of the Listing Rules and the Instructions for companies Announcements
Monday, January 01, 2018 at 3:35 PM
Mon Jan 1, 2018 15:35
The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of (S.R. 100.000) One Hundred thousand Saudi Riyals on Etihad Atheeb Telecommunication Co. (GO) due to its violations of paragraph (A) of Article (34) of the Listing Rules, as the company presented misleading and incorrect information to the CMA related to the latest developments in the results of its participation and winning of the bidding offer of the bandwidth frequencies (700 MHz) and (1800 MHz), organized and supervised by the Communications and Information Technology Commission. And to impose a fine of )S.R. 40.000) Forty thousand Saudi Riyals on Etihad Atheeb Telecommunication Co. (GO) due to its violations of paragraph (B) of the Part (General Instructions) of the Instructions for Listed Companies Announcements, as the company failed to announce on Tadawul website the new developments on the major event announced on 08/06/2017.