The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 30,000 (Thirty Thousand Saudi Riyals) on the Red Sea Housing Services 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 invitation to convene the extraordinary general assembly that included its capital increase. It was later announced only less than two hours before the market opens on 12/03/2014.
