Imposition of a Fine on Al Jouf Cement Co.

​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 Al Jouf Cement  Co. due to its violation of clause (A) of Article (40) of the Listing Rules and clause (9) of the Instructions for companies’ Announcements regarding their financial results. The company disclosed incorrect information in its announcement on the Saudi Stock Exchange (Tadawul)’s website on 21/01/2015 regarding its interim financial results for the period ending on 31/12/2014 (Twelve months). The information was in regard to the Emphasis of matter mentioned in the external auditor's report. The company corrected the information in its announcement on 02/02/2015.