Publication Date:
Mon, 2010-06-28 02:08
STC was fined SR100,000 ($26,670) for failing to
disclose stock option programs for senior management in its 2009 annual
report, the CMA said in a statement.
The The Saudi stock market is
gradually opening up to direct foreign ownership amid tough competition
from regional bourses and over the past two years the CMA has stepped up
efforts to clamp down on irregularities, imposing one jail sentence and
revoking the licenses of several brokerage firms for violations.
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