Saudi CMA fines 8 firms for violations

13/09/2017 Argaam

Saudi Arabia’s market regulator, the Capital Market Authority (CMA), has imposed fines on eight listed companies over violations of the corporate law.

 

AXA Cooperative Insurance Co., Chubb Arabia Cooperative Insurance Co., Saudi Cable Co., United Cooperative Assurance Co. (UCA), Bank Aljazira, Etihad Atheeb Telecommunication Co. (GO), Rabigh Refining and Petrochemical Company (Petro Rabigh) and Food Development Co. were fined SAR 10,000 each.

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