Imposition of a penalty on Northern Region Cement Company

​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 Northern Region Cement Company due to its violation of clause (A) of Article (9) of the Corporate Governance Regulations as the Board of Directors’ Report for the fiscal year 2013 did not include the provisions that were not implemented from the Corporate Governance Regulations and the reasons behind that. In addition to violating clause (8) of Article (43) from the Listing Rules as the Board of Directors’ Report for the fiscal year 2013 did not include the particulars of the issued shares and debt instruments of every subsidiary.