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 Bank Albilad due to its violation clause (E) of the General Instructions that must be taken into Account by Companies when Publishing their Announcements. The bank announced its preliminary financial results for the period ending on 30/06/2014 on the Saudi Stock Exchange (Tadawul)’s website less than two hours before the market opens on 08/07/2014 without waiting to announce it after the market closes.
