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Saudi fines five for insider trading
- Saudi Arabia: Thursday, December 31 - 2009 at 10:04
Saudi Arabia's Capital Market Authority has fined five people for insider trading and stock price manipulation, in a bid to improve the opaque image of the local bourse, Reuters has reported. The regulator has also fined one listed firm for violating disclosure rules in the Arab world's largest bourse. Analysts said the CMA is becoming stricter in dealing with violators, which is reassuring for prospective foreign investors.
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StaffThursday, December 31 - 2009 at 10:04 UAE local time (GMT+4)
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