Imposition of a penalty on Al-Jouf Agriculture Development company
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 Al-Jouf Agriculture Development company due to its violation of clause (ِA) of Article (40) of the Listing Rules and violation of clause (8)  of special Instructions on financial results of companies announcements from the special instructions of announcements of listed companies that has shares in Saudi Stock Exchange, for not mentioning in their announcement about the interim financial results for the ending period in 31/12/2013 AD, all the reasons that affected the decrease in the profit of the fourth quarter of 2013 compared to the the exact quarter last year, and the increase of profits of the 12 months for the year 2013 also compared to the corresponding period of the previous year.