The Capital Market Authority (CMA) announces the issuance of a CMA Board resolution to impose a fine of (20,000) Twenty Thousand Saudi Riyals on Saudi Cable Co. due to its violation of paragraph (5) of Article (63) of the Rules on the Offer of Securities and Continuing Obligations. The Company did not disclose to the public, immediately and without delay, its board of directors’ resolution on 25/07/2019 to appoint Eng. Abdulhadi AbuAlkhair as the CEO of the Company, as the company did not make such disclosure until 29/07/2019.
