CMA Warns Al Hassan Engineering for Failure to Disclose

The Capital Market Authority has issued disciplinary decision warning  Al Hassan Engineering SAOG for failure to disclose the unaudited results of the third quarter of 2016 which ended September 2016  pursuant to the provisions of Article 280 of the Executive Regulation of the Capital Market Law.

The articles provides that the issuers of securities must disclose the unaudited quarterly results immediately after  preparations and within  15 days from the end of the  quarter.

CMA emphasis that all companies and investment fund listed on the MSM shall comply with the disclosure  rules to provide fairness for all the participants of the market in obtaining timely  material information to take sound and informed investment decision.