​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 Saudi Chemical Company due to its violation of clause (B) of Article (40) of the Listing Rules. The company was late to inform the public that its subsidiary SITCO Pharma had signed a contract with the ministry of health to supply medicine.  It was later announced only less than two hours before the market opens on 27/01/2014.

The company also violated clause (A) of Article (40) of the Listing Rules as well as sub-clause (5) of clause (A) of the General Instructions that must be taken into Account by Companies when publishing their Announcements. It disclosed incorrect information related to the essential development that concerns the total amount of the contract.