Saudi telecoms firm fined

28 June 2010

Saudi Arabia's state-controlled Saudi Telecoms Co (STC) has been fined by the Capital Market Authority for violating stock market disclosure rules, Reuters has reported. STC was fined SR100,000 for failing to disclose stock option programmes for senior management in its 2009 annual report, the regulator said in a statement.

A MEED Subscription...

Subscribe or upgrade your current package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.

Get Notifications