Saudi Arabia’s market regulator, the Capital Market Authority (CMA) has imposed a SAR 50,000 fine each on Tihama Advertising and Public Relations Co. and Saudi Fisheries Co. (Asmak).
Tihama was found to be late in disclosing an appealed court ruling, which obliged the company to pay SAR 13.9 million to King Fahd Causeway Authority (KFCA). Saudi Fisheries Co. (Asmak) was fined for failing to updating its electronic disclosure form.
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