CMA fines National Building, Enaya for violations
14/10/2019
Argaam
The Capital Market Authority (CMA) has imposed a SAR 10,000 fine on Nomu-listed National Building and Marketing Co. for failing to disclosed its financial statements for the period ending March 31, 2019 in time.
The market regulator also said today in a separate statement that it imposed a SAR 20,000 fine on Saudi Enaya Cooperative Insurance Company.
The insurer didn’t immediately disclose an insurance deal on June 27 with Dr. Suliman Fakeeh hospital for over 5 percent of its gross revenues, according to its financial statements for fiscal year 2018, the statement said.
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