Imposition of a Fine on Etihad Etisalat Co. (Mobily)

​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 Etihad Etisalat Co. (Mobily) 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 in the specified time about its request on 16/11/2014 to refer to arbitration with regard to its dispute regarding its due receivable amounts with Mobile Telecommunication Company Saudi Arabia (Zain). It was announced on the Saudi Stock Exchange (Tadawul)'s website on 02/12/2014.