The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 50,000 ( Fifty Thousand Saudi Riyals) on the Saudi Steel Pipe Company due to its violation of clause (E) of Article (26) of the Listing Rules.
The company’s fifth ordinary general assembly was held in less than twenty five days from the date of announcing the company’s annual financial results for the financial period ending on 31/12/2011.
