Saudi Thimar fined $11,000 for late financial disclosures

The company did not disclose its interim financial statements for the period ending on 30 June within the specified period

  
Investors and speculators monitor stock prices on a screen at the FALCOM investment bank in Riyadh June 7, 2015.

Investors and speculators monitor stock prices on a screen at the FALCOM investment bank in Riyadh June 7, 2015.

REUTERS/Faisal AlNasser

Riyadh –  The Saudi Capital Market Authority (CMA) announced imposing a fine of SAR 40,000 on the National Agricultural Marketing Company (Thimar) due to its violation of the Rules on the Offer of Securities and Continuing Obligations.

The company did not disclose its interim financial statements for the period ending on 30 June within the specified period, according to a statement by the Saudi Stock Exchange (Tadawul) on Wednesday

It is worth noting that Thimar did not make the disclosure for the period until 10 October 2019.

Source: Mubasher

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