Imposition of a Fine on Saudi Marketing Co. (Farm Superstores)

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 10,000 (Ten Thousand Saudi Riyals) on the Saudi Marketing Co. (Farm Superstores) 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 that the it had signed on 23/04/2014 an amendment on the Murabaha financing contract with Gulf International Bank signed on 28/08/2012 in the amount of  (100,000,000) Saudi Riyals.