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MarketScreener Homepage  >  Equities  >  SAUDI ARABIA STOCK EXCHANGE  >  Mediterranean&Gulf Coop Insrnc&Rinsrn Co    8030   SA000A0MJ2H8

MEDITERRANEAN&GULF COOP INSRNC&RINSRN CO (8030)
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Mediterranean&Gulf Coop Insrnc&Rinsrn : Saudi CMA imposes SAR 180,000 fine on Medgulf

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10/12/2018 | 06:37pm CET

Saudi CMA imposes SAR 180,000 fine on Medgulf

MEDGULF8030

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.

Source: Mubasher

(c) All Rights Reserved - Mubasher Info 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Income Statement Evolution
Managers
NameTitle
Abdul Rahman Mohammad Al-Barrak Chairman
Shaheen Mohammed Amin Non-Executive Director
Ra'ad Ghaith Ghazi Al-Barakati Non-Executive Director
Najm bin Abdullah Al-Zeid Vice Chairman
Yousef bin Hamd Al-Yousefi Independent Director
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