Saudi CMA fines Allianz, SIECO for violating market rules

10/07/2019 Argaam

 

Saudi Arabia's Capital Market Authority (CMA) has imposed a fine of SAR 10,000 on Allianz Saudi Fransi Co. and Saudi Industrial Export Co. (SIECO) each due to non-compliance with the capital market law.

 

Both firms failed to provide the market regulator with information on fiscal year 2018 within the legally specified period, the market regulator said in a bourse statement on Wednesday.

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