Imposition of a Penalty on Almarai Company

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 Almarai Company due to its violation of clause (A) of Article (40) of the Listing Rules as well as sub-clause (5) of clause (A) of the General Instructions that must be taken into Account by Companies when Publishing its Announcements from the Instructions for the Announcements of Listed Companies in the Saudi Stock Exchange. The company disclosed incorrect information to CMA and the public about the Poultry expansion project in its announcement on Tadawul’s website on 8/7/2013. A penalty of SR 100,000 (One Hundred Thousand Saudi Riyals) was also imposed on the company due its violation of clause (B) of Article (40) of the Listing Rules as it failed to inform the public about the development on the Poultry expansion project in a timely manner. It was announced only less than two hours before the market opens on 8/07/2013.