The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 20,000 (Twenty Thousand Saudi Riyals) on The Saudi Vitrified Clay Pipes Co. due to its violation of clause (B) of Article (40) of the Listing Rules. The company was late to inform the public about its Preliminary financial results for the period ending on 31/12/2013. The company announced it only less than two hours before the market opens on 15/01/2014.
