Riyadh-Mubasher: Saudi Cable stock was excluded from the Tadawul All-Share Index (TASI) and the building sector on Sunday, the Saudi bourse said.

The exclusion was expected after the Capital Market Authority (CMA) imposed the maximum fine of SAR 100,000 on the company and its stock was halted until the posting of its financial results, Ibrahim Al-Nasiri, member of the lawyer committee at Riyadh commerce chamber, told Mubasher earlier.

Saudi Cable has delayed its financial-restructuring plan for the fourth time.

The plan was expected to be announced at the end of the second quarter of 2014, but was delayed to Q3 and then Q4.