Imposition of a Fine on Al-Rajhi Company for Cooperative Insurance

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 30,000 (Thirty Thousand Saudi Riyals) on Al-Rajhi Company for Cooperative Insurance due to its violation of clause (A) of Article (34) of the Listing Rules and the instructions mentioned in the electronic disclosure form number (5) which was approved by CMA’s Board resolution numbered (1-39-2012) and dated 23/12/2012. The company was late to update the electronic disclosure form number (5) for the CEO and the Secretary of the Board of Directors.