The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 30,000 (Thirty Thousand Saudi Riyals) on the Saudi British Bank (SABB) due to its violation of sub-clause (2) of clause (A) of Article (12) of the Offers of Securities Regulations. The bank offered his stocks to his employees in private placement on 2010,2011 and 2012 without notifying CMA.
