Imposition of a Fine on Halwani Bros. Co., due to the Violation of the Rules on the Offer of Securities and Continuing Obligations
Wednesday, September 04, 2019 at 4:41 PM
Wed Sep 4, 2019 16:41
The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of (20,000) twenty Thousand Saudi Riyals on Halwani Bros. Co. due to its violation of paragraph (c) of Article (64) of the Rules on the Offer of Securities and Continuing Obligations. Where the Company did not disclose its interim financial statements for the period ending on 31/03/2019 within the specified period, as it did not make such disclosure until 29/05/2019.