Imposition of a Fine on Al Alamiya for Cooperative Insurance Co., due to the violation of paragraph (a) of Article (61) of the Rules on the Offer of Securities and Continuing Obligations and subparagraph (5) of paragraph (a) of the Part "General Instructions" of the Instructions for Companies Announcements

Tuesday, December 11, 2018 at 3:55 PM

Tue Dec 11, 2018 15:55

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of (20,000) Twenty Thousand Saudi Riyals on Al Alamiya for Cooperative Insurance Co. due to its violation of paragraph (a) of Article (61) of the Rules on the Offer of Securities and Continuing Obligations and subparagraph (5) of paragraph (a) of the Part "General Instructions" of the Instructions for Companies Announcements. Where the Company has disclosed incorrect information in its announcement published on the Saudi Stock Exchange (Tadawul)'s website on 08/08/2018 regarding its interim financial results for the period ending on 30/06/2018.