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 Bupa Arabia for Cooperative Insurance due to its violation of clause (A) of Article (40) of the Listing Rules. The company’s announcement published on the Saudi Stock Exchange (Tadawul)’s website on 17/07/2014 regarding its preliminary financial results for the period ending on 30/06/2014 (Six Months) included incorrect information related to the improvement in the Net Profit of the period ending on 30/6/2014 compared to the same period of the year before.
