Imposition of a Fine on Tihama Advertising and Public Relations 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 Tihama Advertising and Public Relations Co. due to its violation of paragraph (A) of Article (46) of the Capital Market Law and paragraph (A) of Article (41) of the Listing Rules. The company failed to disclose to CMA and the public about  the issuance of an initial ruling from the Administrative  Court in Dammam on 02/08/1436H corresponding to 20/05/2015 to oblige the company to pay (13,918,000) Saudi Riyals to King Fahad Causeway Authority.