​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 80,000 (Eighty Thousand Saudi Riyals) on Mobile Telecommunications Company Saudi Arabia due to its violation of clause (A) of Article (46) of the Capital Market Law and clause (A) of Article (41) of the Listing Rules. The company failed to inform CMA and the public about its Board of Directors decision on 05/06/2014 to sign agreements to expand and develop its network worth 4.5 billion Saudi Riyals. It was later announced on 25/06/2014. The company also violated sub-clause (2) of clause (A) of the General Instructions to be taken into account by companies in their announcements because its announcement did not include the date in which the Board of directors took the decision mentioned above.