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 United Cooperative Assurance Co. due to its violation of clause (A) of Article (40) of the Listing Rules. The company disclosed incorrect information about its preliminary financial results for the period ending on 31/12/2013 in its announcement published on the Saudi Stock Exchange (Tadawul)’s website on 20/1/2014
