CMA fines National Building on failure to disclose financials

12/12/2023 Argaam

CMA fines National Building on failure to disclose financials

Logo of National Building and Marketing Co.

The Capital Market Authority (CMA) imposed SAR 50,000 on National Building and Marketing Co. (NBM) for not disclosing its semi-annual interim financial statements for the period ending on June 30, 2023, within the specified period, according to a statement to Tadawul. 

 

In September, the company announced its inability to release H1 2023 financial statements on time, due to unforeseen circumstances, Argaam earlier reported. 

 

NBM’s bottom line dropped 20% year-on-year to SAR 26.2 million in H1 2023.  

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