Connecting intelligence with intelligence

×
Advertisement

Jul 03 2011

Saudi Cement Co. Fined SAR50,000 For Disclosure Violation

Sunday, Jul 03, 2011

DUBAI (Zawya Dow Jones)--Saudi Arabia's Capital Market Authority, or CMA, said Sunday it had imposed a fine of 50,000 Saudi Arabian riyals ($13,300) on Saudi Cement Co. (3030.SA) for a disclosure violation.

The manufacturer failed to report a SAR450 million loan it had secured in March from Samba Financial Group , the CMA said in a statement posted on the website of the Saudi borse.

Saudi Cement shares closed trading Sunday down 0.8% at SAR64.25.

-By Angus McDowall of Dow Jones; +971-4-446-1685, angus.mcdowall@dowjones.com

Copyright (c) 2011 Dow Jones & Co.

(END) Dow Jones Newswires

03-07-11 1259GMT

Post Your Comment

Sending ...

Copyright © 2012 Zawya Ltd. All rights reserved.

provided by  www.zawya.com

Send This Article To Your Friends

All fields are required.

Use commas for multiple email addresses

We'll use your email address to send the article on your behalf and it will not be collected or used for any other purposes.

X