Imposition of a Fine on Tourism Enterprise Co. due to the Violation of the Capital Market Law and a CMA Board Circular.
Wednesday, May 26, 2021 at 4:33 PM
Wed May 26, 2021 16:33
The Capital Market Authority (CMA) announces the issuance of a CMA Board resolution to impose a fine of (10.000) Ten Thousand Saudi Riyals on Tourism Enterprise Co. due to its violation of paragraph (b) of Article (46) of the Capital Market Law and the CMA circular number (S/7/5/5977/18) dated 20/09/2018G. Where the Company did not provide the CMA with a number of information related to it for the fiscal year ended on 31/12/2021 G. within the specified period for it.