The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 75,000 (Seventy Five Thousand Saudi Riyals) on Ash-Sharqiyah Development Company due to its violation of clause (A) of (Article 25) in the Listing Rules. The company failed to notify CMA and had not publicly announced its deal with Alsafi Danoon Company on 9-3-2011 for an amount of (22,648,000) Saudi Riyals.
