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Imposition of a Fine on Walaa Cooperative Insurance Co. , due to the Violation of paragraph (c) of Article (64) 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 Walaa Cooperative Insurance Co. due to its violation of paragraph (c) of Article (64) of the Rules on the Offer of Securities and Continuing Obligations. Where the Company did not disclose its interim financial statements for the period ending on 31-03-2019G within the specified period of 30 days after the end of the financial period, and where the company did not disclose such results until 16-05-2019G.  

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