Imposition of a Fine on Saudi Cable Co.

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 200,000 (Two Hundred Thousand Saudi Riyals) on the Saudi Cable Co.  due to its violation of clause (B) of Article (40) of the Listing Rules. The company was late to inform the public in a timely manner about not convening the 21st extraordinary general assembly. It also failed to disclose the results of the 39th ordinary general assembly in a timely manner.