October 11, 2017 / 8:30 AM / 2 months ago

BRIEF-Banque Saudi Fransi to inspect employee incentive programme violations

Oct 11 (Reuters) - BANQUE SAUDI FRANSI:

* BOARD APPOINTS SPECIAL AND INDEPENDENT TEAM TO CARRY OUT A THOROUGH EXAMINATION TO ASCERTAIN VIOLATIONS THAT WERE COMMITTED IN REGARDS TO EMPLOYEE INCENTIVE PROGRAMME THAT HAVE BEEN IMPLEMENTED OVER PAST YEARS

* BOARD AFFIRMS TO TAKE CORRECTIVE MEASURES TO DEAL WITH SUCH VIOLATIONS

* BOARD EXPECTS NO MATERIAL CHANGES IN BANK'S FINANCIAL STATEMENTS Source: (bit.ly/2kGCyeX) Further company coverage:

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