Imposition of a Penalty on Saudi Enaya Cooperative Insurance Company

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 10,000 (Ten Thousand Saudi Riyals) on Saudi Enaya Cooperative Insurance Company due to its violation of clause (A) of Article (40) of the Listing Rules. The company disclosed incorrect information in its announcement on the Saudi Stock Exchange (Tadawul)’s website on 16/04/2014 regarding its financial results for the period ending on  31/03/2014. The information was in regard to the reasons for the increase in the net loss of the first quarter of 2014 compared to the same quarter of the previous year