​The Capital Market Authority announces the issuance of a CMA Board resolution to impose a penalty of SR 10.000 (Ten Thousand Saudi Riyals) on Saudi United Cooperative Insurance Company (Walaa) due to its violation of clause (A) of Article (40) of the Listing Rules and clause (8) of the  Instructions for companies’ Announcements regarding their financial results. The company’s announcement regarding its preliminary financial results for the period ending on 31/12/2013 (Twelve Months) was not clear. It did not mention all the reasons affecting the increase in the Net profit of the fourth quarter of 2013 compared to the same quarter of last year and the previous quarter of the same year.