Imposition of a penalty

The Capital Market Authority announces imposition of two penalties with the total of 200,000 (Two Hundred Thousand Saudi Riyals) on Al-Ahsa Development Co. due to its violation of the  Board’s  two resolutions and instructions regarding CMA’s approval on increasing its capital on 2006 and 2007. The company delayed the sale of the shares’ fractions ,resulting from the increase in its capital in 2006, during the specified period. It also failed to sell the shares’ fractions resulting from the increase in its capital in 2007 until this date.