Dispute Resolution Committee cancels CMA’s SAR 100,000 fine on SISCO

05/08/2018 Argaam

Saudi Appeal Committee for the Resolution of Securities Disputes decided to revoke the Capital Market Authority’s (CMA) resolution fining Saudi Industrial Services Co. (SISCO) SAR 100,000, the company said in a statement on Tadawul Sunday.

 

On October 21, 2015, the CMA decided to impose the aforementioned fine on the Saudi-listed company for violating clause (c) of Article (45) of the Capital Market Law.

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