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Imposition of a Fine on Bank Aljazira due to the violation of the Listing Rules

BJAZ 1020 2.81% 16.82 0.46

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a fine of 30,000 (Thirty Thousand Saudi Riyals) on Bank Aljazira due to its violation of paragraph (A) of Article (29) of the Listing Rules, The bank has not obtained an approval from the CMA for the share capital increase prior to the invitation to the extraordinary general assembly meeting, which was announced on 28/03/2017.

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