The Capital Market Authority announces the issuance of a CMA Board resolution numbered (5-32-2011) and dated 25/11/1432H corresponding to 23/10/2011 to impose a penalty of SR 50.000 ( Fifty Thousand Saudi Riyals)  on Al-Baha Investment & Development Co. due to it’s violation of clause (A) of Article (9) of the Corporate Governance Regulations. The Board of Directors’ report ,attached with the annual financial statements for the fiscal year 2010, did not include what has been applied from the Corporate Governance Regulations and the provisions that were not applied and the reasons behind that.

And to impose a penalty of SR 50.000 ( Fifty Thousand Saudi Riyals)  due to it’s violation of clause (B) of Article (9) of the Corporate Governance Regulations. The Board of Directors’ report ,attached with the annual financial statements for the fiscal year 2010, did not include the names of the shareholding companies that have a member in their boards who is also a member of the company’s board.