Imposition of a Penalty on National Metal Manufacturing and Casting Co.

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 10,000 (Ten Thousand Saudi Riyals) on National Metal Manufacturing and Casting Co. due to its violation clause (E) of the General Instructions that must be taken into Account by Companies when Publishing its Announcements. The company announced on the Saudi Stock Exchange (Tadawul)’s website about the start of the pilot production for adding a new production line for the PC Strands project  in less than two hours before the market opens on 07/07/2014 without waiting to announce it after the market is closed.