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 Arabian Cement 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 was late to inform CMA and the public of the essential development represented in the approval of its Board of Directors on the Chief Executive Officer’s resignation. It was delayed until after trading hours on Saturday 2/2/2013.