The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 100,000 (One Hundred Thousand Saudi Riyals) on Trade Union Cooperative Insurance Company due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (A) of Article (41) of the Listing Rules. The company failed to inform CMA and the public in a timely manner about its Board of directors; approval to assign Abbas Abdulqader Mohammad Abdeljalil as a managing director and CEO of the company.
