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Published on the same date

Imposition of a penalty on Alkhaleej Training and Education Company

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 50.000 (Fiftty Thousand Saudi Riyals) on Alkhaleej Training and Education Company due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (A) of Article (41) of the Listing Rules.  The company failed to inform CMA and the public about signing a forward sale contract worth SR 44,000,000 (Forty Four Million Saudi Riyals) with Al Rajhi Bank on 17/06/2013.  It was later announced on 04/07/2013.