Saudi market regulator slaps SAR 40,000 fine on violator

14/08/2017 Argaam

The Capital Market Authority’s (CMA) Appeal Committee for the Resolution of Securities on August 2, 2017 imposed a fine of SAR 40,000 on Mohammed bin Mubarak Al Mutairi for violating market regulations.

 

Al Mutairi has unlawfully traded the shares of National Agriculture Marketing Company (Thimar) for the period May 1 - 5, 2014, the regulator said in a statement.

  

He was also ordered to pay SAR 183,450 to the market regulator for illegal profits made by his investment portfolios due to these violations, the statement added.

 

Al Mutairi will be banned from trading equities on Tadawul for three months.

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