Imposition of a penalty

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 the  National Agriculture Marketing Co. (THIMAR) due to its violation of clause (D) of Article (9) of the Corporate Governance Regulations. The Board of Directors’ report, attached with the annual financial statements for the fiscal year 2011, did not include the aggregate of the meetings held by the Audit Committee and the Nomination and Remuneration Committee. It also did not include the name of the Nomination and Remuneration Committee’s chairman.