Imposition of a Fine on Saudi Paper Manufacturing Co.

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 10,000 (Ten Thousand Saudi Riyals) on Saudi Paper Manufacturing 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 failed to mention in its announcement on the Saudi Stock Exchange (Tadawul)’s website on 21/04/2015 the Emphasis of matter mentioned in the external auditor's report  on the company's  interim financial results for the period ending on 31/03/2015. It was later announced in an addendum announcement on 26/04/2015.