Apr 06 2010 |
more articles from
|
CMA fines 2 listed firms for violation
JEDDAH: The Capital Market Authority (CMA) fined Bank AlJazira and Advanced Petrochemical Company ( APC ) SR50,000 each for violating the principles of registration and listing, the Tadawul website said on Sunday.The CMA said the bank did not inform the authority about changes in its higher management while the petrochemical company failed to inform it about the decision to stop operation of its propylene factory for special maintenance.
Meanwhile, the extraordinary general assembly of the Saudi Fransi Cooperative Insurance Co. (Allianz SF) on Sunday announced its decision to increase its capital through rights issue (one share for every share held). As a result, the price of its shares changed to SR44.10 from Sunday with a fluctuation limit of 10 percent.
The value of traded shares dipped to SR2.88 billion from SR3.3 billion on Saturday.
Halwani Brothers Co. shares rose slightly to SR34.10 on Sunday after it announced a 68 percent rise in first-quarter net profits.
Halwani made a net profit of SR21 million in the three months to March 31, compared to SR12.5 million in the same period last year, according to a statement on the Tadawul website on Sunday.
Operational profit increased by 57.5 percent to SR24.1 million in the quarter, the firm said.
By KHALIL HANWARE
© Arab News 2010
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment