​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 120,000 (One Hundred and Twenty Thousand Saudi Riyals) on Saudi Cable Co. 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 signing a binding agreement to restructure the financial debt of the company on 07/04/2015. It was later announced on 09/04/2015.
The company also violated clause (E) of Article (42) of the Listing Rules. It did not announce its annual financial results for the year 2014 within the specified period as the company announced on 25/2/2015 the postponement of publication of the annual financial results for the year 2014 until after the specified period.