Imposition of a Penalty on Advanced Petrochemical Company

​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 70,000 (Seventy Thousand Saudi Riyals) on Advanced Petrochemical Company due to its violation of clause (B) of the General Instructions that must be taken into Account by Companies when publishing their Announcements. The company failed to inform CMA and the public on the Saudi Stock Exchange (Tadawul)’s website in a timely manner about the development on the material development previously announced in regard to the early repayment of the main Murabaha loan on 20/11/2014 which was previously announced on 22/07/2007.