Imposition of a Penalty on Saudi Cable Company

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 Cable Company due to its violation of clause (A) of Article (40) of the Listing Rules and clause (9) of the Instructions for companies’ Announcements regarding their financial results. The company’s announcement published on the Saudi Stock Exchange (Tadawul)’s website regarding its preliminary financial results for the period ending on 31/12/2013 (Twelve Months) did not mention the Emphasis of matter paragraph mentioned in the auditor’s report.

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Imposition of a Penalty on Saudi Cable Company