​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 Middle East Specialized Cables Co.(MESC) due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (A) of Article (41) of the Listing Rules. The company failed to inform CMA and the public on the Saudi Stock Exchange (Tadawul)'s website about signing a contract between MESC for Medium and High Voltage Cables Company (Affiliate Company) and the Saudi Electricity Company on 30/09/2014 to supply medium voltage cables in the total amount of 107.8 Million Saudi Riyals. It was later announced on 24/11/2014.