​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 Saudi vitrified clay pipes co. 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 did not include in its announcement on the Saudi Stock Exchange (Tadawul)’s website on 20/04/2014 about the preliminary financial results for the period ending on 31/03/2014  all the reasons for the Net Profit decrease in the first quarter of 2014 compared to the previous quarter.