The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty  of SR 50.000 ( Fifty Thousand Saudi Riyals)  on Tihama Advertising & Public Relations Co. due to its violation of clause (A) of Article (46) of the Capital Market Law and  Article (25) of the Listing Rules. The company failed to inform CMA and the public of its participation in establishing the Gulf System Development Company  (Gulf Tech) with Dar AL-Mustored Group and Zakha Trading Institute (two related parties) which was later announced on 10/10/2011.