​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 100,000 (One Hundred Thousand Saudi Riyals) on Saudi Real Estate Co. due to its violation of clause (B) of the General Instructions to be taken into account by companies in their announcements.  The company failed to inform CMA and the public in a timely manner that it signed a final clearance agreement on 30/12/2013 with the contractor of  Al Akaria residential project in the Diplomatic Quarter/ partnership of Manazil Company and United Engineering Construction L.L.C.(UNEC). It was later announced on 12/01/2014.