The Saudi Capital Market Authority (CMA), the stock market regulator, has fined on Monday 15 listed companies for violating disclosure and transparency rules.
Some of the market’s violations include withholding fundamental news, and publishing late or misleading financial results.
|
Fined Companies |
||
|
Reason |
Fines (SAR) |
Entity Name |
|
Late publishing |
20,000 |
Dar Al-Arkan Real Estate Development |
|
Not disclosing BOD approval |
260,000 |
Al-Ahsa Development |
|
Late publishing |
10,000 |
Al-Sorayai Group |
|
Not disclosing 2014 financial results |
120,000 |
Saudi Cable Co. |
|
Misleading financial results |
20,000 |
Al Tayyar Travel Group |
|
Late publishing of H1-2014 dividend |
20,000 |
Southern Region Cement Co. |
|
Not publishing correct time for 2013 dividend |
40,000 |
TADCO |
|
Late publishing of CMA approval for its proceedings |
10,000 |
Al Ahlia Insurance Co. |
|
Misleading financial results |
20,000 |
Tabuk Cement Co. |
|
Misleading financial results |
10,000 |
Umm Al Qura Cement Co. |
|
Not Publishing its GA meeting date on Tadawul |
20,000 |
Solidarity Saudi Takaful Co. |
|
Late publishing |
700,000 |
Sand Insurance and Reinsurance Co. |
|
Not Publishing its capital raise updates on Tadawul |
100,000 |
Ma’aden |
|
Not publishing the date of its BOD meeting |
40,000 |
Al-Sagr Cooperative Insurance co. |
|
Misleading financial results |
40,000 |
Saudi Fisheries Co. |
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}