CMA fines Shams for violating market law article

26/05/2021 Argaam

Logo of Shams

The Capital Market Authority (CMA) announced the issuance of the board resolution to impose a fine of SAR 10,000 on Tourism Enterprise Co. (Shams).

 

According to a CMA statement, the company violated Paragraph (b) of Article 46 of the Capital Market Law and the CMA circular number dated Sept. 20, 2018, for not providing the CMA with a number of information related to it for the fiscal year ending 2021 within the specified period.

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