Imposition of a Penalty on National Agriculture Marketing Co. (Thimar)

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 80,000 (Eighty Thousand Saudi Riyals) on National Agriculture Marketing Co. (Thimar) due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (A) of Article (41) of the Listing Rules. The company failed to inform CMA and the public in a timely manner about electing a chairman of the board and assigning a board member and assembling the board’s committees on 27/01/2014. It was later announced on 29/01/2014.