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 Re for Cooperative Reinsurance Company due to its violation of clause (A) of Article (40) of the Listing Rules. The company disclosed incorrect information in its announcement on Tadawul on 19/01/2014 in regard to its preliminary financial results for the period ending on 31/12/2013. It mentioned that the Loss per share for the Twelve months of 2013 is (-99) Saudi Riyals while the correct value is (-0.99) Loss per share.
