CMA fines Tabuk Cement, Saudi Arabia

CMA fines Tabuk Cement, Saudi Arabia
Published: 25 October 2010

The Capital Market Authority (CMA) has fined Tabuk Cement Company SAR100,000 (US$26,665) for violating CMA regulations as the company delayed the announcement of the decision taken by its board of directors to distribute dividends for first half profits.

According to news reports carried by Tadawul website on Monday, the CMA also fined Al-Ahsa Development Co. SR100,000 for failing to inform the CMA and the public about a legal case against the company demanding SR24.5m.