Monday, January 3, 2011
Saudi bourse regulator fines Banque Saudi Fransi
Saudi Arabia's financial regulator has slapped a $13,000 fine on major lender Banque Saudi Fransi for violating stock market disclosure rules, the watchdog said on Sunday. Fransi, in which France's Calyon holds a minority stake, was fined 50,000 riyals ($13,330) for failing to swiftly disclose changes in its board, the Capital Market Authority (CMA) said in a statement on the bourse website.
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