The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 40,000 (Forty Thousand Saudi Riyals) on the Saudi Advanced Industries Co. due to its violation of clause (B) of Article (40) of the Listing Rules. The company was late to inform the public about inviting its shareholders to attend the ordinary general assembly’s meeting. It was later announced only less than two hours before the market opens on 23/3/2014.
