CmaBoardReleases
Title: Announcement regarding issuance of Disciplinary Board Resolution No. (16/2022 Disciplinary Board) (210/2021 Authority) and the imposition of a fine against: The Energy House Holding Company for violating the Rules of Disclosure and Transparency.
Announcement regarding issuance of Disciplinary Board Resolution No. (16/2022 Disciplinary Board) (210/2021 Authority) and the imposition of a fine against: The Energy House Holding Company for violating the Rules of Disclosure and Transparency.
For violating the provision of Item (27) of Article (4-1-1) of Module Ten (Disclosure and Transparency) of the Executive Bylaws of Law No. 7 of 2010 and their amendments, for its delay in disclosing the results of its general assembly meeting held on 4/5/2021, as it did not disclose the results of this meeting until 5/5/2021 at 10:34 am, that is during the trading session in the Securities Exchange.
The Resolution included the infliction of the following penalty: -
“The Energy House Holding Company is fined an amount of four thousand Dinars for the attributed violation.”
In this regard, the CMA emphasizes the implementation of CMA Law and its Executive Bylaws on all persons dealing in securities activities, and urges them to comply with these rules in order to promote investors' confidence, create a sound investment environment, and implement the Law according to the principles of fairness, transparency, and integrity in line with the best international practice.
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