Imposition of a Fine on Saudi Enaya Cooperative Insurance Co.

​The Capital Market Authority the issuance of a CMA Board resolution to impose a fine of SR 30,000 (Thirty Thousand Saudi Riyals) on  Saudi Enaya Cooperative Insurance Co. due to its violation of paragraph (A) of Article (40) of the Listing Rules. The company disclosed incorrect information in its announcement published on the Saudi Stock Exchange (Tadawul)'s website regarding its interim financial results for the period ending on 31/12/2015 (twelve months) and related to the comparison between the net profit of the fourth quarter with the tird quarter of 2015. The company later corrected the information in an announcement on 20/01/2016.