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Dar-Alarkan penalised for passing information to Reuters

: Thursday, February 27 - 2014 @ 18:36

The Tadawul All Share Index closed 0.53 per cent higher at 9,106.55 points on Thursday, February 27. The shares of Dar-Alarkan Real Estate Development Company advanced by 0.42 per cent to SAR11.90. Earlier in the day, the Capital Market Authority (CMA), the bourse’s regulator, said in a filing to the Tadawul market that it has imposed a penalty of SAR100,000 ($27,000) on Dar-Alarkan for its violation of clause C of Article 45 of the Capital Market Law. On October 28, 2013, the company revealed data and information to Reuters, before it was revealed to and announced by the CMA.

Gérard Al-Fil

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Thursday, February 27- 2014 @ 18:36 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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