Imposition of a Fine on Saudi Fisheries Co.

Sunday, May 08, 2016 at 3:09 PM

2016-05-08 (1437-08-01) 15:09:36

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 40,000 (Forty Thousand Saudi Riyals) on Saudi Fisheries Co.due to its violation of paragraph (A) of Article (40) of the Listing Rules and paragraph (9) of the Instructions for companiesAnnouncements regarding their financial results from the Instructions for the Announcements of Listed Companies in the Saudi Stock Exchange. The company's announcement on 25/02/2016 regarding its annual financial results for the period ending on 31/12/2015 did not include the reservations mentioned in the external auditor's report.