NewImposition of a penalty on Saudi Real Estate Co.

The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 20,000 (Twenty Thousand Saudi Riyals) on Saudi Real Estate Co.  due to its violation of clause (A) of Article (40) of the Listing Rules. The company’s announcement on 20/01/2014 in regard to its preliminary financial results for the fiscal period ending on 31/12/2013 (fourth quarter of the fiscal year) included a mistake in the Net Profit. It was mentioned that the company’s Net Profit is 61.8 Million Saudi Riyals whereas it should be 58.3 Million Saudi Riyals.