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 Jabal Omar Development Company due to its violation of clause (B) of Article (40) of the Listing Rules. The company was late to inform the public about the Board of directors’ meeting results. It was later announced only less than two hours before the market opens on 25/12/2013.
