CMA fines four firms for violating disclosure rules

11/12/2018 Argaam

 

Saudi Arabia’s Capital Market Authority (CMA) has imposed a fine of SAR 20,000 each on Al Alamiya Cooperative Insurance Co,. Saudi Arabian Amiantit Co., Saudi Cable Co. and Arabian Pipes Co. for violating corporate disclosure rules, the market regulator said on Tuesday.

 

The companies disclosed incorrect information in their respective announcements published on Tadawul regarding their interim financial results for the period ending June 30, 2018, the statement added.

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