The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 60,000 (Sixty Thousand Saudi Riyals) on The Saudi Investment Bank due to its violation of clause (B) of Article (40) of the Listing Rules. The Bank was late to inform the public about the results of the extraordinary general assembly’s meeting which included the approval to increase its capital from (5,500) Five Thousand and Five Hundred Million Saudi Riyals to (6,000) Six Thousand Million Saudi Riyals as well as the approval to distribute cash dividends of (0.80) Riyals per share. The bank was also late to inform the public about its interim financial results for the period ending on 31/03/2014. It was later announced only less than two hours before the market opens on 02/04/2014 and 03/04/2014.