The Saudi Arabia Capital Markets Authority issued a board resolution imposing a fine of SAR 10,000 on Arabia Insurance Cooperative Co. for breaching the Rules on the Offer of Securities and Continuing Obligations after it disclosed inaccurate information in a market announcement. The breach relates to paragraph (a) of Article 78 and concerns the company’s announcement published on 05/08/2024 on the Saudi Stock Exchange (Tadawul) regarding its interim financial results for the period ending 30/06/2024.
Saudi Arabia Capital Markets Authority 2025-01-30
Saudi Arabia Capital Markets Authority fines Arabia Insurance SAR 10,000 for inaccurate Tadawul disclosure of interim financial results
The Saudi Arabia Capital Markets Authority fined Arabia Insurance Cooperative Co. SAR 10,000 for breaching the Rules on the Offer of Securities and Continuing Obligations by disclosing inaccurate information in a market announcement. The breach pertains to paragraph (a) of Article 78 and involves the company's interim financial results announcement on the Saudi Stock Exchange (Tadawul) for the period ending 30/06/2024.