Imposition of a Fine on Salama Cooperative Insurance Company, due to the violation of the Rules on the Offer of Securities and Continuing Obligations
Wednesday, November 04, 2020 at 4:05 PM
Wed Nov 4, 2020 16:05
The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of (20,000) twenty Thousand Saudi Riyals on Salama Cooperative Insurance Company due to its violation of paragraph (c) of Article (64) of the Rules on the Offer of Securities and Continuing Obligations. Where the Company did not disclose its interim financial statements for the period ending on 30-06-2020G within the specified period ending on 25-08-2020G, and where the company did not disclose such results until 13-09-2020G.