Imposition of a Fine on Al Hammadi Company for Development and Investment

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 100,000 (One Hundred Thousand Saudi Riyals) on Al Hammadi Company for Development and Investment due to its violation of clause (C) of Article (45) of the Capital Market Law as the news about the company's capital increase was leaked on 15/01/2015 and about the suspension of trading the company's shares was leaked on 18/01/2015 on Twitter before providing CMA with such information.