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 Electricity Company  due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (A) of Article (41) of the Listing Rules. The company failed to inform CMA and the public about its Board of directors’ decision on 21/07/2013 to build a steam power plant in Shuqaiq with Hyundai Heavy Industries Co. Ltd. It was later announced on 04/8/2013.