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 Allied Cooperative Insurance Group due to its violation of clause (A) of Article (40) of the Listing Rules. The company’s announcement on the Saudi Stock Exchange (Tadawul) on 20/01/2014 in regard to its preliminary financial results for the period ending on 31/12/2013  included incorrect information. It was mentioned that the company’s Net Incurred claims for the fourth quarter of 2013 is 45,387,000 (Forty Five Million and Three Hundred and Eighty Seven Thousand Saudi Riyals whereas it should be 39,894,000 (Thirty Nine Million and Eight Hundred and Ninety Four Thousand Saudi Riyals.