Saudi CMA fines 8 firms for violations
13/09/2017
Argaam
Saudi Arabia’s market regulator, the Capital Market Authority (CMA), has imposed fines on eight listed companies over violations of the corporate law.
AXA Cooperative Insurance Co., Chubb Arabia Cooperative Insurance Co., Saudi Cable Co., United Cooperative Assurance Co. (UCA), Bank Aljazira, Etihad Atheeb Telecommunication Co. (GO), Rabigh Refining and Petrochemical Company (Petro Rabigh) and Food Development Co. were fined SAR 10,000 each.
Market Indices
TASI
10,878.46
13.89
0.13 %
Quotes
BJAZ
11.83
(0.09)
(0.76%)
SAUDI CABLE
187.30
0.30
0.16%
PETRO RABIGH
18.29
0.67
3.80%
UCA
3.38
0.03
0.90%
GO TELECOM
83.70
(0.65)
(0.77%)
GIG
33.24
0.64
1.96%
CHUBB
18.58
(0.09)
(0.48%)
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