Imposition of a Penalty on Saudi Kayan Petrochemical Company

​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 Saudi Kayan Petrochemical Company due to its violation of clause (A) of Article (40) of the Listing Rules. The company disclosed incorrect information in its announcement on 20/10/2014 regarding its preliminary financial results for the period ending on  30/09/2014. It mentioned that the Net Loss reached -65.24 while the correct Net Loss reached -56.24