“Arab insurance” is fined 10 thousand riyals to violate the disclosure of financial results

The Board of Directors of the Capital Market Authority decided to impose a fine of 10 thousand riyals, on the Arab Cooperative Insurance Company, for violating paragraph (a) of Article Seventy -eight of the rules for offering securities and ongoing obligations, because it did not commit to disclosing correct information in its published announcement on the website The Saudi Tadawul Company (Tadawul) on 08/08/2024 AD; On its initial financial results for the financial period ending on 06/30/2024.