Imposition of a penalty on Saudi Fisheries Co.

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 Saudi Fisheries Co. due to it’s violation of sub-clause (1) of clause (E) of Article (9) of the Corporate Governance Regulations. The Board of Directors’ report, attached with the annual financial statements for the fiscal year ending on 31/12/2012, did not include details of compensation and remuneration paid to each of the members of the Board of Directors.