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 Saudi Basic Industries Corp (SABIC) due to its violation of clause (B) of Article (40) of the Listing Rules. The company was late to inform the public in a timely manner about assigning a new Board member. It was later announced only less than two hours before the market opens on 21/01/2014.
