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
