The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 10,000 (Ten Thousand Saudi Riyals) on Saudi Paper Manufacturing Co. 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 (1) of clause (B) of Article (41) of the Listing Rules. The company was late to inform CMA and the public about selling some land on 31/12/2012 in both Riyadh and Jeddah with a total of SR 169,000,000 (One Hundred and Sixty Nine Million Saudi Riyals) with more than %10 of the company’s net assets. It did not announce it until 2/1/2013.