Imposition of a Fine on Tabuk Agricultural Development Co.

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 40,000 (Forty Thousand Saudi Riyals) on Tabuk Agricultural Development Co. due to its violation of clause (A) of Article (40) of the Listing Rules. The company disclosed incorrect information in its announcement on the Saudi Stock Exchange (Tadawul)’s website on 16/04/2015 regarding its interim financial results for the period ending on 31/03/2015. The information was in regard to the reasons for theNet Profit increase in the current quarter compared to the previous one.