Imposition of a penalty on Savola Group

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 Savola Group due to its violation of clause (B) of Article (40) of the Listing Rules. The company  was late to inform the public about the 2013 third quarter dividends. The company announced it only less than two hours before the market opens on 24/10/2013.