Imposition of a Fine on Saudi Pharmaceutical Industries and Medical Appliances Corp.

​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 Saudi Pharmaceutical Industries and Medical Appliances Corp. due to its violation of clause (C) of Article (45) of the Capital Market Law as the news about signing a (200) million contract was leaked on Twitter on  13/01/2015 at (3:27 p.m.) before providing CMA with such information.