Imposition of a penalty

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 200,000 (Two Hundred Thousand Saudi Riyals) on Al-Ahsa Development Co. due to its violation of sub-clause (2) of clause (A) of the Board’s resolution numbered (1-14-2010) and dated 03/06/1431H corresponding to 17/05/2010 in regard to listed companies investing in listed securities in the Exchange. The company invested in listed securities through a contract to manage its investment portfolio without informing CMA.