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 the Saudi Cable Company due to its violation of clause (A) of Article (46) of the Capital Market Law, clause (B) of Article (40) ,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 about its Board of directors’ decision to accept the resignation of the company’s director and Board member, in its meeting on Sunday 20/01/2013, and assigning an acting director.