​The Capital Market Authority announces the issuance of a CMA Board resolution to impose two fines of SR 60,000 (Sixty Thousand Saudi Riyals) on Saudi Kayan Petrochemical Co. due to its violation of clause (C) of Article (42) of the Listing Rules as the company published its initial financial statements for the period ending on 31/12/2014 to shareholders or others before publicly announcing it on the website of the Saudi Stock Exchange (Tadawul), as well as its violation of clause (B) of Article (40) of the Listing Rules as the company was late to disclose to the public its initial financial statements for the period ending on 31/12/2014 (12 months), as the company did not announce it until (10:34:32) on 18/01/2015, which is less than two hours of the market opening on 18/01/2015.