Imposition of a Fine on Mediterranean and Gulf Cooperative Insurance Company (Medgulf) due to the violation of the Listing Rules and Corporate Governance Regulations

2018-10-11 15:34:51

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of (180,000) one hundred and eighty thousand Saudi Riyals on Mediterranean and Gulf Cooperative Insurance Company (Medgulf) due to the violation of the Listing Rules and Corporate Governance Regulations, for the financial years from 2008 to 2017.