CMA fines Raydan Food, Arab Sea for delayed disclosure

11/09/2019 Argaam

 

 

The Capital Market Authority (CMA) has imposed a fine of SAR 10,000 on Raydan Food Co. and Arab Sea Information System Co. each, Saudi Arabia’s market regulator said today on its website.

 

The two firms were fined for failing to issue their board reports for fiscal year 2018 on time.

 

Raydan disclosed the board report on April 7, 2019, while Arab Sea issued its report on April 29, CMA added.

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