The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of SR 100,000 (One Hundred Thousand Saudi Riyals) on Saudi Arabian Mining Co. (Maaden) due to its violation of clause (C) of Article (45) of the Capital Market Law as the news about increasing the company’s capital was leaked before announcing the Board of directors’ recommendation to increase its capital by way of rights issue on 15/05/2014 on the Saudi Stock Exchange (Tadawul)’s website.
