The Capital Market Authority announces imposition of a penalty of SR 50.000 ( Fifty Thousand Saudi Riyals) on Saudi International Petrochemical Company (SIPCHEM) due to it’s violation of clause (C) of Article (26) of the Listing Rules. The company published it’s initial financial statements for the period closing on 31/3/2010, in a local newspaper on 18/4/2010 before disclosing them to the market.
