Imposition of a Fine on Solidarity Saudi Takaful Co.

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 20,000 (Twenty Thousand Saudi Riyals) on Solidarity Saudi Takaful Co.  due to its violation of clause (A) of Article (46)  of the Capital Market Law and clause (6) of Article (47) of the Listing Rules. The company published an invitation to its shareholders to attend the third ordinary general assembly meeting on aleqtisadiah newspaper on 20/03/2014 before announcing it on the Saudi Stock Exchange (Tadawul)’s website.