Imposition of a Penalty on Al-Tayyar Travel Group Holding Co.

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 100.000 (One Hundred Thousand Saudi Riyals) on Al-Tayyar Travel Group Holding Co. due to it’s violation of clause (C) of Article (45) of the Capital Market Law. On 30/10/2013, the company revealed secret data and information to Al-Jazirah Newspaper which are prohibited to be revealed before revealed to CMA and announced by it.