​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 Rabigh Refining and Petrochemical Co. (Petro Rabigh) due to its violation of clause (B) of Article (40) of the Listing Rules. The company was late to disclose to the public the latest developments regarding Rabigh Phase II Project and the Ownership Transfer of the Project from the Founding Shareholders to the Company. It was later announced only less than two hours before the market opend on 17/03/2015.