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Published on the same date

An Announcement by the Capital Market Authority regarding the issuance of an enforceable criminal decision by The Committee for the Resolution of Securities Disputes (CRSD) to convict a violator of the Capital Market Law and its Implementing Regulations

CMA announces the issuance of a decision by the CRSD on 9-7-1433H corresponding to 30-5-2012 which became executed on 3/8/1433 corresponding to 23/6/2012 regarding the case raised by CMA against Hussein Bin DakhilAllah Al-Qahtani. The final decision was to convict the accused of violating Article (31) of the Capital Market Law and Article (5) of the Securities Business Regulations. He carried on securities business without an approved authorisation by CMA. The following fines and sanctions shall be applied:

1- Imposition of a penalty of (SR100,000) One Hundred Thousand Riyals.

2- He shall refrain for three years from engaging in activities of brokerage and portfolio management, in addition to working as an investment consultant.

3- He shall refrain from trading shares of listed companies in the market for his own benefit, or acting on behalf of another person - whether buying or selling - for a period of six months.

By that, CMA insures its devotion to apply the Capital Market Law and its Implementing Regulations as well as protect the investors from illegal acts.