The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 30,000 (Thirty Thousand Saudi Riyals) on AlAhli Takaful Company due to its violation of clause (B) of Article (40) of the Listing Rules. The company was late to inform the public about its board of Directors’ approval on Mr. Faisal Alsaggaf to be a member of the Board on 02/01/2014. It was later announced on 05/01/2014 at 09:11:00.
