Imposition of a Fine on Najran Cement Co.

​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 Najran Cement Co. due to its violation of clause (C) of Article (45) of the Capital Market Law as the news about issuing Sukuk worth 400 Million Riyals was leaked to an economic forum on the internet on 19/02/2015 before announcing the results of the extraordinary general assembly's meeting held on 19/02/2015 on the Saudi Stock Exchange (Tadawul)’s website on 22/02/2015.