The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 100,000 (One Hundred Thousand Saudi Riyals) on Al Sagr Co-operative Insurance Co. due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (B) of Article (40) and clause (A) and sub-clause (5) of clause (B) of Article (41) of the Listing Rules. The company failed to inform CMA and the public of the essential development represented in the approval of The Saudi Monetary Agency on 03/11/2012 to assign the company’s acting Chief Executive Officer until 31/12/2012.