Saudi CMA imposes SAR 180,000 fine on Medgulf
1.72% 15.36 0.26
Riyadh – Mubasher:The Saudi Capital Market Authority (CMA) on Thursday fined Mediterranean and Gulf Insurance and Reinsurance Co. “Medgulf”.
The fine worth SAR 180,000 ($47,988) was imposed after the company violated the listing rules and corporate governance regulations, the CMA said in a statement to the Saudi Stock Exchange (Tadawul).
The violation was the financial years 2008 until 2017.
Medgulf’s stock closed Thursday in the green, adding 2.13% to SAR 15.36.
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