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Imposition of a Fine on Fawaz Abdulaziz Alhokair Co., due to the Violation of the Rules on the Offer of Securities and Continuing Obligations.

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of (20,000) Twenty Thousand Saudi Riyals on Fawaz Abdulaziz Alhokair Co. due to its violation of Article (65) of the Rules on the Offer of Securities and Continuing Obligations. Where the Company did not provide the Authority and disclose to the shareholders its board of directors report for the period ending on 31/03/2019 within the specified period, and where the company did not disclose that until 02/07/2019.

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