Bank Aljazira fined SAR 30,000 for violating listing rules

20/07/2017 Argaam

Saudi Arabia’s market regulator, the Capital Market Authority (CMA), will impose a fine of SAR 30,000 on Bank Aljazira due the violation of the market listing rules, it said in a statement to Tadawul on Thursday.

 

The bank did not obtain the CMA’s approval on its share capital increase before inviting shareholders for the extraordinary general meeting, held March 28, 2017.

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