Imposition of a Fine on Saudi Real Estate Co., due to the Violation of the Rules on the Offer of Securities and Continuing Obligations
Tuesday, May 28, 2019 at 4:12 PM
Tue May 28, 2019 16:12
The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of (20,000) twenty Thousand Saudi Riyals on Saudi Real Estate Co. due to its violation of paragraph (d) of Article (64) of the Rules on the Offer of Securities and Continuing Obligations. Where the Company did not disclose its annual financial statements for the period ending on 31/12/2018 within the specified period, and where the company did not disclose that until 16/04/2019.