Imposition of a Penalty

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 the Saudi Advanced Industries Co. due to its violation of clause (A) of Article (46) of the Capital Market Law, clause (B) of Article (40) and clause(A) of Article (41) of the Listing Rules. The company was late to inform CMA and the public about the essential development represented in the recommendation of the Board of the Industrialization & Energy Services Company (an invested in company) about the increase in its capital from 2,000 million to 5,000 million.