​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a Fine of SR 40,000 (Forty Thousand Saudi Riyals) on  Saudi Fisheries Co. due to its violation of clause (A) of Article (40) of the Listing Rules. The company disclosed incorrect information in its announcement on 21/07/2014 about its interim financial results for the period ending on 30/06/2014 (six months). It mentioned that the increase in the Net Loss for the second quarter of 2014 compared to the same quarter of the previous year is due to the increase in the operating expenses. This is the mistake the company corrected in its addendum announcement on the same day where it explained that the correct reason is the increase in sales expenses.

In its announcement on 21/01/2015 regarding its interim financial results for the period ending on 31/12/2014 (twelve months), it mentioned that the Net Loss for the period ending on 31/12/2013 reached (47,877) Riyals, the total loss for the same period reached (458,000) Riyals, the operational loss for the same period reached (41,967) Riyals and the Loss per share for the same period reached (0.89) Riyals. It was all corrected in the company’s announcement on 03/02/2015 where it explained that the Net Loss reached (48,984) Riyals, the total loss reached (362,000) Riyals, the operational loss reached (43,075) Riyals and the loss per share reached (0.91) Royals.