The Saudi Arabia Capital Market Authority issued a board resolution imposing a SAR 20,000 fine on Fawaz Abdul Aziz Al Hokair & Partners Co for breaching the Instructions for Companies’ Announcement. The breach relates to paragraph (C) of the General Instructions, after the company failed to publish its annual financial statements for the period ending 31 December 2023 on the Saudi Stock Exchange (Tadawul) within the specified timeframe.
Saudi Arabia Capital Markets Authority2025-01-06
Saudi Arabia Capital Market Authority fines Fawaz Abdul Aziz Al Hokair & Partners SAR 20,000 for late publication of annual financial statements
The Saudi Arabia Capital Markets Authority fined Fawaz Abdul Aziz Al Hokair & Partners Co SAR 20,000 for failing to publish its annual financial statements for the period ending 31 December 2023 on the Saudi Stock Exchange within the required timeframe, breaching paragraph (C) of the General Instructions.