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Imposition of a Fine on Saudi Cable Co. due to the Violation of the Listing Rules and the Instructions for Companies Announcements

​The Capital Market Authority (CMA) announces the issuance of a CMA Board resolution to impose a fine of (30,000) Thirty Thousand Saudi Riyals on Saudi Cable Co., due to its violation of paragraph (a) of Article (30) of the Listing Rules, and paragraph (d) of the Part “General Instructions" of the Instructions for Companies announcements. Where the Company did not disclose to the Authority and the public, without delay, a new material development regarding the previously announced material development, where the Company applied for the bond execution writ in the Enforcement Court on 17/11/1442 H., corresponding to 27/06/2021G., and the company did not disclose that on the Saudi Stock Exchange (Tadawul)'s website until 12/08/2021 G.