Imposition of a Fine on Saudi Airlines Catering 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 Saudi Airlines Catering Co. due to its violation of clause (A) of Article (40) of the Listing Rules and clause (8) of of the Instructions for companies’ Announcements regarding their financial results. The company failed to mention in its announcement on its interim financial results for the period ending on 31/12/2013 (Twelve Months), which was published on the Saudi Stock Exchange (Tadawul)’s website on 19/01/2014, all the reasons for theNet Profit increase in the fourth quarter of 2013 compared to the same quarter of the previous year.