Imposition of a Penalty on Al Hassan Ghazi Ibrahim Shaker

​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 Al Hassan Ghazi Ibrahim Shaker due to its violation of clause (A) of Article (34) of the Listing Rules and the instructions mentioned in the electronic disclosure form number (5) which was approved by CMA’s Board resolution numbered (1-39-2012) and dated 10/2/1434H corresponding to 23/12/2012. The company did not disclose the details of one of its board members’ ownership in Lamaa’  Holding Company on the electronic disclosure form number (5) which was submitted on 02/01/2013 as the board member owns 75% of the shares.